2016/09/14 5:00 AM

In the world of cryptocurrency, countless new projects pop up every day. While a lot of them look strong, and even experience success, many others end up going nowhere. In fact, a lot of these projects end up being outright failures.

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The worst of these failures start out with promising futures, generating a lot of hype and raising large amounts of starting capital. Then, they flop. They either quietly fade into the sea of failed crypto projects, or crash spectacularly in a blaze of public drama.

The following list shows the biggest of these failures, the most hyped projects that couldn’t deliver, as well as ones that blew up because of internal and community conflict.

Top 5 Biggest Failures in Cryptocurrency History

5: SpaceBIT

SpaceBIT CryptocurrencySpaceBIT is one of the most ambitious cryptocurrency projects to date. Branding themselves as “the first decentralized space company,” SpaceBIT announced…

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