CustodyStress
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Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00631

A Bitcoin trader was hospitalised for eight weeks following a cardiac event in May 2019.

Blocked
Case description
A Bitcoin trader was hospitalised for eight weeks following a cardiac event in May 2019. Their exchange account had open margin positions that were auto-liquidated after 14 days of inactivity. The exchange's terms permitted auto-liquidation but the patient had no mechanism to designate a temporary account manager. The liquidation occurred at near-market lows.
Custody context
Stress conditionOwner incapacity
Custody systemExchange custody
OutcomeBlocked
DocumentationUnknown
Year observed2019
CountryUnknown
Structural dependencies observed
Single point of failure
What this illustrates
There was only one way in. When that path was gone, so was access. 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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