The Bureau of Historic Losses
The Archive
History's great crypto losses, kept on file and priced live. The numbers below update hourly. They only ever get worse.
№ 001 · CLOSED · opened 2010 · Laszlo Hanyecz
The Pizza
Two pizzas. Ten thousand bitcoin. The man says he'd do it again.
current value of the fail
US$637.5M
№ 002 · CLOSED · opened 2013 · James Howells
The Landfill
One hard drive, one dump in Wales, and twelve years of trying to dig.
current value of the fail
US$510M
№ 003 · UNRESOLVED · opened 2011 · Stefan Thomas
Two Guesses
A password, an IronKey, ten attempts. Eight are gone.
current value of the fail
US$446.4M
№ 004 · RECOVERED · opened 2026 · Claude AI · Joe Grand
The Machine Remembers
Brute force gave up at 3.5 trillion passwords. The AI just read his files.
current value of the fail
US$318,754
№ 005 · RECOVERED · opened 2009 · Kristoffer Koch
The One Who Forgot
He bought it for a thesis, forgot it existed, and won.
current value of the fail
US$318.8M
№ 006 · SETTLING · opened 2014 · Mt. Gox
The Exchange
The exchange that held most of Bitcoin, until it held none of it.
current value of the fail
US$54.2B
№ 007 · CLOSED · opened 2018 · QuadrigaCX · Gerald Cotten
The Only Keyholder
The keys died with him — then investigators found the vault was already empty.
owed to customers · ~13¢ on the dollar returned
≈CA$190M
№ 008 · UNRESOLVED · opened 2009 · Chainalysis estimate
The Missing Fifth
Roughly one bitcoin in five may already be unreachable. Here's where that number comes from.
current value of the fail
US$146.6B–235.9B
№ 009 · CLOSED · opened 1976 · Ronald Wayne
The Third Man
He co-founded Apple, drew the first logo, and sold his tenth of it for the price of a used car.
what 10% of Apple sold for, 1976
US$800
№ 010 · CLOSED · opened 2001 · Enron Corporation
The Match
They were paid in the company, they invested in the company, and the company was a fiction.
the retirement savings, December 2001
US$0
№ 011 · CLOSED · opened 2009 · Nortel Networks
The Blue Chip
It was a third of Canada's stock market and a fixture of every cautious portfolio. Then it wasn't there.
a third of the TSE 300, at the end
US$0
№ 012 · CLOSED · opened 2000 · Pets.com
The Sock Puppet
It had a Super Bowl ad, a sock-puppet mascot, and a plan to lose money on every bag of dog food it shipped.
from IPO to liquidation in nine months
US$0
Every file above belonged to someone who didn't think it would be them.
Open a file of your ownor the Skeptics' Ledger — who called it a scam, and what it did since