Closed and seized crypto services
7 services from our research have closed or been seized, and 2 more are paused or restricted. Each row has its dates and sources.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.
When a service closes or is seized, coins it holds can be frozen or lost. That is why our lists show the status of every service and leave closed ones out.
Closed or seized
LetsExchangeInstant swapClosedClosed. Checked Oct 22, 2026 on letsexchange.io.
Status: letsexchange.io · Checked Oct 22, 2026Majestic BankInstant swapClosedClosed. Checked Oct 22, 2026 on github.com.
Status: github.com · Checked Oct 22, 2026PaxfulP2P marketClosedClosed. Checked Oct 22, 2026 on web.archive.org.
- Dec 9, 2025: Regulator action. Paxful Holdings agreed to plead guilty (Travel Act, unlicensed money transmitting, BSA AML program); 4 million USD criminal penalty based on ability to pay; coordinated resolution with FinCEN; sentencing set for 2026-02-10.justice.gov
- Oct 1, 2025: Closure. Wind-down: no new trades from 2025-10-01, marketplace closed 2025-10-15, operations ended by 2025-11-01 with a final withdrawal option.web.archive.org
- Jul 8, 2024: Regulator action. Co-founder and former CTO Artur Schaback pleaded guilty to conspiracy to fail to maintain an effective AML program.justice.gov
- Apr 2023: Frozen funds. Marketplace suspended after staff departures and a co-founder dispute; back online in May 2023 (press).techtrendske.co.ke
TradeOgreExchangeClosedClosed. Checked Oct 22, 2026 on rcmp.ca.
- Sep 18, 2025: Seizure. RCMP Federal Policing Eastern Region seized the TradeOgre site and an estimated over 56 million dollars in cryptoassets, the largest cryptocurrency seizure in Canadian history; TradeOgre had not registered with FINTRAC as a money services business and did not identify its clients; RCMP believes the majority of funds came from criminal sources; investigation ongoing, charges may follow.rcmp.ca
eXchAggregatorClosedClosed. Checked Oct 22, 2026 on bka.de.
- Apr 30, 2025: Seizure. German BKA and ZIT Frankfurt seized eXch server infrastructure in Germany, over 8 TB of data and crypto worth about 34 million EUR; suspicion of commercial money laundering and operating a criminal trading platform; part of the 1.5 billion USD Bybit hack proceeds allegedly passed through eXch; about 1.9 billion USD transferred since 2014bka.de
- Apr 17, 2025: Closure. eXch announced it would cease operations on 1 May 2025 after reports that North Korea's Lazarus Group laundered about 35 million USD of the Bybit hack proceeds through it; eXch cited "an active transatlantic operation"cointelegraph.com
LocalMoneroP2P marketClosedClosed. Checked Oct 22, 2026 on localmonero.co.
- May 7, 2024: Closure. Wind-down announced citing internal and external factors; signups and ads disabled immediately, new trades disabled 2024-05-14, website taken down 2024-11-07 with unclaimed bond funds possibly forfeited.web.archive.org
Samourai WalletWalletClosedClosed. Checked Oct 22, 2026 on justice.gov.
- Nov 19, 2025: Regulator action. Sentences: Rodriguez five years in prison (sentenced 2025-11-06), Hill four years (2025-11-19); each three years of supervised release and a 250,000 USD fine; forfeiture of 6,367,139.69 USD paid in satisfaction of an order to forfeit 237,832,360.55 USDjustice.gov
- Jul 30, 2025: Regulator action. Both founders pled guilty before U.S. District Judge Denise L. Cote to conspiracy to operate a money transmitting business that transmitted criminal proceeds (DOJ release of 2025-08-06: more than 200 million USD in illegal transactions; over 80,000 BTC passed through Ricochet and Whirlpool)justice.gov
- Apr 24, 2024: Seizure. Indictment unsealed against co-founders Keonne Rodriguez (CEO) and William Lonergan Hill (CTO) for conspiracy to commit money laundering and to operate an unlicensed money transmitting business; domain samourai.io and web servers seized with Icelandic authorities; seizure warrant served on Google Play (app removed in the US); Hill arrested in Portugaljustice.gov
Paused or restricted
Peach BitcoinP2P marketRestrictedRestricted. Checked Oct 22, 2026 on peachbitcoin.com.
- Aug 31, 2026: Regulator action. Swiss SRO letter seeking to requalify the KYC-free compliance setup approved in 2022; Peach paused its escrow model, moved to seller-controlled escrow and limited selling to KYC-verified or long-standing sellers while the assessment runs.peachbitcoin.com
BoltzLightning toolPausedPaused. Checked Oct 22, 2026 on x.com.
- Sep 18, 2026: Closure. Domain boltz.exchange on registrar status client hold, website and API do not resolve (observed 2026-10-14)rdap.org
- Aug 12, 2026: Hack. Boltz states that several AI-assisted attacks over the preceding months succeeded; per Boltz no user funds were at risk because it is non-custodial; losses borne by Boltz (TFTC quotes the Aug 3 statement: "the losses were ours alone")x.com
- Aug 3, 2026: Closure. All swap services disabled until further notice; API kept for cooperative refunds, unilateral refunds unaffectedx.com
- Aug 1, 2026: Closure. EVM-side swaps (USDT, USDC, TBTC, WBTC, RBTC) disabled citing a bug in the EVM integrationtftc.io