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The incident registry

Held funds, hacks, shutdowns and quiet policy changes at no-KYC services. Every entry has a public source, an amount where one is known, and how it ended. Unresolved serious incidents cap a service's Safety grade until they are resolved.

43
On record
11
Unresolved or lost
$117M
Documented value
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All Unresolved only OutageShutdownPolicy changeFunds heldKYC addedData leakHack or exploitOtherSeizure

2026

high

Shutdown LetsExchange

Official notice: exchange operations ceased on 1 October 2026

The LetsExchange website displays a notice stating that the service ceased its exchange operations on 1 October 2026 and that customer support remains available until 30 November 2026. The notice read during this review did not give a reason for the closure. Users with unresolved orders therefore have until the end of November 2026 to contact support. No reports of unpaid swaps tied to the closure were reviewed.

Service closed Source: letsexchange.io ↗

critical

Shutdown NoOnes

Announced wind-down after EU sanctions listing; marketplace closed 21 August 2026

According to press coverage, NoOnes began winding down on 17 August 2026 after the EU sanctions package adopted on 23 July 2026 listed its operating entity and partners withdrew services. The peer-to-peer market closed on 21 August, and users were told to withdraw all balances by 23 August through Bitcoin or USDT on Tron. The directory kycnot.me recorded withdrawal failures during the closure. No confirmation that all balances were returned was found.

Service closed Source: beincrypto.com ↗

high

Shutdown Cypher Card

Official wind-down: cards closed 8 August 2026, platform shut down 6 September 2026

Cypher's official site states that the service is sunsetting. Card loading was disabled, cards remained usable until 8 August 2026 at 00:00 UTC, and the platform shuts down on 6 September 2026, with balances withdrawable without fees until that date. Support pages say merchant refunds arriving after card closure are credited to the balance and must be withdrawn before the shutdown date. No reason for the closure was given on the pages reviewed.

Service closed Source: cypherhq.io ↗

high

Shutdown UnCash

Cards closed after Mastercard shut down the programme

Trade-press coverage reports that Mastercard shut down cards tied to UnCash's no-KYC product in February 2026. In a statement dated 10 February 2026 the company reportedly said that about 90% of its cards ran on that network, that all cards would be closed immediately and that remaining balances would be refunded. No later confirmation that refunds were completed was found, and the official site returned a hosting error in October 2026.

Service closed Source: paymentexpert.com ↗

2025

high

Shutdown Paxful

Announced closure of all operations by the start of November 2025

Press coverage reports that Paxful disclosed on 1 October 2025 that it would close all operations by the start of November 2025 and urged users to withdraw balances before the cut-off. The company is reported to have cited a historical legal case that exposed compliance weaknesses and the cost and legal risk of remediation. The platform had previously suspended operations temporarily in 2023 during a dispute among its founders.

Service closed Source: techpoint.africa ↗

2024

high

Shutdown LocalMonero

Announced wind-down citing internal and external factors

LocalMonero announced in May 2024 that it was winding down, citing a combination of unspecified internal and external factors. New sign-ups and trade postings were disabled first, and the site was taken offline in November 2024, giving users about six months to complete trades and withdraw. The official domain now shows a closure notice. The operators did not explain the decision further; press coverage inferred regulatory pressure.

Service closed Source: decrypt.co ↗

high

Shutdown AgoraDesk

Wound down in 2024 together with its sister site

AgoraDesk, run by the same team as LocalMonero, wound down its operations in 2024 alongside its sister site. The official domain now displays a closure notice stating that the platform has been taken offline and is closed after nearly seven years of operation, with a contact address for remaining enquiries. Some older guides to no-KYC peer-to-peer trading still recommend the service, although it no longer operates.

Service closed Source: agoradesk.com ↗

2023

high

Shutdown LocalBitcoins

Announced discontinuation of its bitcoin trading service

LocalBitcoins announced on 9 February 2023 that it would discontinue its peer-to-peer bitcoin trading service after about a decade, citing difficult market conditions. Trading was suspended shortly afterwards and users were given a period in which to withdraw their bitcoin. The official site still states that LocalBitcoins Oy has closed its trading service and that remaining funds can be withdrawn by logging in to an existing account.

Service closed Source: cointelegraph.com ↗