Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00106
Documentation absent — exchange custody (2014)
BlockedCase description
Multiple Bitcoin mining bond issuers who had raised BTC on GLBSE and BTCT.co in 2012–13 stopped paying dividends in mid-2014. They cited hardware depreciation, increased mining difficulty, and falling prices. None provided independently audited hash rate data, so bondholders could not determine whether underperformance was genuine or the operators had simply stopped paying.
Custody context
| Stress condition | Documentation absent |
| Custody system | Exchange custody |
| Outcome | Blocked |
| Documentation | Unknown |
| Year observed | 2014 |
| Country | Unknown |
Structural dependencies observed
What this illustrates
Nobody had written down how to get back in. That knowledge existed only in the owner's head. Access was not recoverable.
Outcome interpretation
Access was not possible under the reported conditions.
Source
Publicly Reported
Evidence type
Forum post
Evidence link
Related cases involving documentation absent
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
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Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.
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