CustodyStress
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Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00654

Owner incapacity — exchange custody (2019)

Blocked
Case description
A Bitcoin trader was remanded in custody in March 2019 pending trial on unrelated charges. Their exchange account held leveraged positions requiring active management. The court did not grant emergency access to manage the account. All positions were auto-liquidated over a six-week period while the trader was in custody, resulting in substantial losses.
Custody context
Stress conditionOwner incapacity
Custody systemExchange custody
OutcomeBlocked
DocumentationUnknown
Year observed2019
CountryUnknown
Structural dependencies observed
Legal process requiredSingle point of failure
What this illustrates
Before anyone could access the funds, a legal process had to be completed first. Access was not recoverable.
Outcome interpretation
Access was not possible under the reported conditions.
Source
Publicly Reported
Evidence type
Forum post
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Framework references
Terms guide
Survives
Access remained possible under the reported conditions.
Constrained
Access remained possible, but only with delay, dependence, or significant difficulty.
Blocked
Access was not possible under the reported conditions.
Indeterminate
There was not enough information to determine the outcome.
Single-person knowledge
Recovery depended on information or capability held by one individual who was unavailable.
Institutional dependence
Recovery depended on a third-party institution or service that was inaccessible or uncooperative.
Documentation gap
Recovery depended on instructions that were missing, incomplete, or unclear.
Authority mismatch
The person with legal authority to act did not have operational access, or vice versa.
Original text
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