Selected case files · 27 Jul 2026
No ranking.
No shame labels.
Selected case files preserve closure evidence, counterevidence and uncertainty without ranking harm, motive or notoriety.
Primary closure evidence
13 explicit cessation records.
Each record preserves the primary closure or cessation source, counterevidence, clock precision and the facts that remain unknown.
ProjectAssessmentClockEvidence
ShipChainSHIPExplicitly ceasedToken operations were ordered to cease; the last verified default-branch code activity predates the order.2,043–2,044Cessation clock · since the SEC cessation order3supporting facts · 2 counterBitConnectBCCExplicitly ceasedThe original platform shut down in January 2018; later community code does not prove the original operator returned.3,113–3,114Cessation clock · since the platform shutdown3supporting facts · 1 counterNebulasNASExplicitly ceasedThe Nebulas Foundation explicitly terminated the project, Gate delisted NAS, and official mainnet nodes were scheduled to stop on 30 December 2024.574Cessation clock · since the official mainnet and community service termination4supporting facts · 1 counterCover ProtocolCOVERExplicitly ceasedThe team announced shutdown and treasury distribution in September 2021; this is transparent closure, not ghosting.1,786Cessation clock · since the official shutdown announcement3supporting facts · 1 counterBabylon FinanceBABLExplicitly ceasedThe founder explained the wind-down, published reimbursement work and set a closure date; this is an orderly shutdown, not a disappearance.1,400Latest checked activity · since the last verified team-controlled artifact3supporting facts · 1 counterGeist FinanceGEISTExplicitly ceasedGeist publicly said it would not reopen after the Multichain loss; a generic page at the old domain does not reverse that closure.1,108Cessation clock · since the official closure announcement3supporting facts · 1 counterAirTokenAIRExplicitly ceasedCarrier EQ filed that it ended the AirToken project in June 2021; its locked contract and exchange markets had already stopped in November 2018.1,853Cessation clock · since the issuer's filed AirToken project discontinuation4supporting facts · 3 counterGladius TokenGLAExplicitly ceasedGladius Network announced immediate cessation and dissolution in November 2019 after its GLA markets had been delisted and an SEC settlement had imposed investor-remedy obligations.2,439Cessation clock · since the team's dissolution announcement4supporting facts · 3 counterRefTokenREFExplicitly ceasedRefToken's CTO says the operating platform was shut down in 2020; the retained website and stated hope of a restart do not prove a corporate dissolution or token termination.2,033–2,339Cessation clock · since the official CTO's 2020 platform-shutdown interval6supporting facts · 3 counterEnvionEVNExplicitly ceasedEnvion raised more than CHF 90 million for mobile mining and token-holder earnings; a founder-shareholder conflict preceded court-ordered bankruptcy, while the official estate continues creditor adjudication and a 15% interim distribution process in 2026.24–25Latest checked activity · since the latest checked official bankruptcy-estate claims milestone6supporting facts · 5 counterPlexCoinPXNExplicitly ceasedPlexCoin promised returns as high as 1,354% and raised millions despite a Quebec halt order; U.S. and Canadian proceedings froze the operation, entered final judgment and created a cross-border investor distribution process.1,383–1,384Latest checked activity · since the latest checked SEC-posted cross-border distribution-plan milestone6supporting facts · 5 counterBitClaveCATExplicitly ceasedBitClave raised $25.5 million for a blockchain advertising-search ecosystem that would pay consumers CAT for targeted-ad interactions, released limited alpha work, then abandoned the business plan and entered a regulator-documented complete wind-down; SEC Fair Fund distributions continued through April 2026.96–97Latest checked activity · since the latest reviewed SEC Fair Fund disbursement order, not BitClave project activity3supporting facts · 2 counterParagonPRGExplicitly ceasedParagon raised about $12.1 million for a cannabis blockchain, PRG-only workspaces and seed-to-sale software, opened at least one ParagonSpace, then entered severe financial distress, defaulted on its SEC-mandated investor process, announced bankruptcy in April 2020 and ultimately had PRG registration revoked.1,235–1,236Latest checked activity · since SEC revocation of all registered ParagonCoin securities became effective6supporting facts · 4 counterAccuracy control
Active counterexampleThe list includes
the case that said “no.”
Feathercoin is active: its official X account announced v0.21.0 in June 2026 and substantive first-party code followed days later. Publishing a falsification beside closure records is more useful than a dramatic ranking that only rewards confirmation.
Inspect FeathercoinPOLICY CONTROLFALSE POSITIVES
✓
INACTIVE LISTING ≠ INACTIVE PROJECT
REJECTwhen newer primary activity is found
EVIDENCE
WINS
WINS