🪦 The exchange graveyard

We track failures as carefully as we track fees — because "which exchange won't lose my money?" is the question that actually matters. These Australian platforms are gone. Each one is a lesson in why we check licensing and custody before anything else.

The pattern across most failures: customer funds held in company accounts, no independent custody, and warning signs (withdrawal delays, silence, too-good returns) visible months before the end. Our security lessons cover how to spot them.

Records compiled from administrators' reports, AUSTRAC actions and contemporaneous reporting.