Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-01077
Bitfront, a US-licensed exchange operated by Line Corporation, announced on 28 November
SurvivesCase description
Bitfront, a US-licensed exchange operated by Line Corporation (a Japanese tech company), announced on 28 November 2022 that it was shutting down and gave customers until early 2023 to withdraw. Although the timeline was announced in advance, users who were unaware of the announcement—particularly less active customers—risked missing the withdrawal window. The closure was attributed to 'the current crypto market and the ongoing challenging business environment' in the wake of FTX.
Custody context
| Stress condition | Vendor lockout |
| Custody system | Exchange custody |
| Outcome | Survives |
| Documentation | Unknown |
| Year observed | 2022 |
| Country | South Korea |
Structural dependencies observed
Outcome interpretation
Access remained possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Related cases involving vendor lockout
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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