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.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
