Module 16: Postmortems

Mt. Gox, Terra, FTX, the 2022 lenders, major hacks, and the October 2025 cascade. What failed, and the warning signs that came first.

  1. 1. Why Study Failures · about 3 min
  2. 2. Mt. Gox (2014): When the Biggest Exchange Disappeared · about 4 min
  3. 3. The DAO (2016): When Code Was Law, and Then Wasn't · about 4 min
  4. 4. The ICO Boom and Crypto Ponzi Schemes (2017 to 2018) · about 4 min
  5. 5. QuadrigaCX (2019): The Exchange with One Key Holder · about 4 min
  6. 6. Terra and Luna (2022): The Stablecoin That Wasn't · about 4 min
  7. 7. The 2022 Lender Collapses: Celsius, Three Arrows, and Contagion · about 5 min
  8. 8. FTX (2022): The Exchange That Gambled Its Customers' Money · about 5 min
  9. 9. Major Hacks, 2022 to 2026: When Security Fails at Scale · about 5 min
  10. 10. The October 2025 Liquidation Cascade: Leverage Meets a Shock · about 4 min
  11. 11. Common Patterns Across Failures · about 4 min
  12. 12. Your Personal Postmortem Habit, and the End of the Beginning · about 6 min