Over 100 Crypto Projects Have Shut Down in 2026 as Industry Shakeout Accelerates

TLDR

• More than 100 crypto projects have shut down or filed for bankruptcy in 2026, including BitMEX, BitMart, Movement Labs, and Storj Labs.
• Altcoin prices dropped 70% to 90%, draining token-based treasuries and making it impossible for many projects to survive.
• DeFi hacks hit a record $1.1 billion in losses in the first half of 2026, with North Korean-linked actors behind 66% of stolen funds.
• Institutional investors now make up 72% of spot OTC crypto flow, concentrating capital into fewer tokens and shrinking the altcoin market.
• Protocols generating revenue in dollars, not tokens, are the ones still standing, with Hyperliquid, Aave, and Ether.fi leading the survivors.

The crypto industry is going through a major shakeout in 2026, with over 100 projects shutting down, filing for bankruptcy, or going dark. The pace is picking up. Four major firms announced closures in a single week in late July: BitMEX, BitMart, Movement Labs, and Storj Labs.

100+ crypto projects have reportedly folded in 2026.

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