Turkey's lira suffered a severe currency crisis in August-September 2018.

Survives

Case description

Turkey's lira suffered a severe currency crisis in August-September 2018. Bitcoin demand surged as Turks sought inflation hedges. Turkish exchanges experienced verification backlogs as hundreds of thousands of new accounts opened simultaneously. Existing customers with large withdrawal requests faced multi-week delays as exchanges strained to process the volume.

Custody context

Stress condition	Forced relocation
Custody system	Mobile or software wallet
Outcome	Survives
Documentation	Unknown
Year observed	2018
Country	Turkey

Structural dependencies observed

Institutional cooperation required

Outcome interpretation

Access remained possible under the reported conditions.

Source

Publicly Reported

Evidence type

News article

Evidence link

https://masterthecrypto.com/bitcoin-scams/

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This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents. Submit a case

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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.