Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00722
Turkey's lira came under pressure in April 2020 as COVID impacted its economy.
SurvivesCase description
Turkey's lira came under pressure in April 2020 as COVID impacted its economy. Bitcoin demand surged as a hedge. Turkish exchanges experienced massive withdrawal queues as users sought to move BTC off-platform to self-custody. The queues reached 10,000 pending withdrawal requests at peak. Processing delays of 5–7 days were routine.
Custody context
| Stress condition | Forced relocation |
| Custody system | Exchange custody |
| Outcome | Survives |
| Documentation | Unknown |
| Year observed | 2020 |
| Country | Turkey |
Structural dependencies observed
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Evidence link
Related cases involving forced relocation
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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