Learn from the failures. These crypto cards and banks are no longer with us — but their lessons live on.
11+
Defunct Projects
$10B+
User Losses
2018-2023
Peak Failures
The crypto industry has seen numerous card and banking failures. Understanding these collapses helps you identify red flags in current offerings. Not your keys, not your crypto — but even that doesn't protect you from card issuer failures.
Bitcoin rewards credit card
Crypto brokerage & debit card
Crypto lending & planned card
Exchange with Visa debit card
Crypto lender
First Coinbase-linked card
EU crypto card issuer
German crypto bank
Original Crypto.com token
PAY token crypto card
Acquired by Binance
BlockFi, Voyager, Celsius, FTX — failed due to bad loans, fraud, or exposure to failing entities.
WaveCrest, Shift — programs shut down due to licensing and regulatory issues.
Nuri, TenX — couldn't survive crypto winter without adequate funding runway.
MCO, SXP — tokens changed or deprecated, affecting card programs and stakers.
WaveCrest's collapse affected dozens of crypto cards simultaneously.
FTX, Celsius — executives criminally charged for misusing customer funds.
Learn from these failures and evaluate current crypto cards more carefully. Check our watchlist for current concerns.