Case summary
What happened
BTCJam operated a bitcoin-denominated peer-to-peer lending marketplace. In May 2017 it stopped new lending and announced a wind-down, while repayment and withdrawal functionality remained available for existing loans and balances during the closure period.
Customer result
Customer outcome
Not applicable
Stage 2 review resolves the platform-wide outcome semantics as `not_applicable`, not as full repayment. BTCJam's closure model left loan-level outcomes to ordinary repayment or borrower default and provided a withdrawal window for stored BTC. The reviewed public record does not establish an aggregate lender recovery/default rate, does not prove that every stored BTC balance was withdrawn, and does not establish a platform insolvency, creditor claims process, or common recovery distribution. Individual loan defaults therefore remain distinct from the platform-wide closure outcome.
- Estimated recovery
- Not applicable
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Unclear
Use unclear classification because public sources do not provide a full aggregate recovery dataset.
- Affected product
- BTCJam peer-to-peer bitcoin loans
- Confidence
- Medium
BTCJam exposure depended on peer-to-peer borrower repayment and platform marketplace mechanics.
Source: BTCJam sets closing date; users may withdraw stored bitcoin until July
Known unknowns
Uncertainty
The shutdown is documented, but complete loan-level repayment and default outcomes are not available as a consolidated public dataset.
Chronology
Historical record
BTCJam begins operating
BTCJam developed as an early bitcoin-denominated peer-to-peer lending marketplace.
Launch year is approximate.
BTCJam expands international lending focus
BTCJam described expansion toward borrowers and lenders in emerging markets through its bitcoin-based marketplace.
Historical operating-context event.
BTCJam announces controlled shutdown
BTCJam stopped new lending and announced a wind-down while allowing existing repayments and balance withdrawals during the closure period.
Voluntary shutdown rather than insolvency classification.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
customer outcome
2 sourcesP2P bitcoin lending service BTCjam shuts down
CryptoNinjas · 2017-05-26
Contemporaneous report reproducing BTCJam's closure notice and FAQ: no new loans, active borrowers could keep repaying, repayment functionality would remain until loans were fully repaid or defaulted, and stored BTC could be withdrawn until 2018-07-01. This supports a controlled wind-down model. It does not prove that every borrower repaid, every lender recovered fully, or every stored balance was withdrawn.
Bitcoin lending platform BTCJam announces closure
EconoTimes · 2017-05-26
Independent contemporaneous reproduction of BTCJam's closure statement confirms the 2018-07-01 stored-BTC withdrawal deadline and continued repayment functionality until active loans were repaid or defaulted. Loan-level defaults remain borrower outcomes rather than evidence of platform insolvency.
Event
2 sourcesBTCJam brings its bitcoin-based lending service to emerging markets
TechCrunch · 2014-06-05
Supports BTCJam operating model and international marketplace context.
BTCJam sets closing date; users may withdraw stored bitcoin until July
Crowdfund Insider · 2017-05-29
Supports BTCJam wind-down and withdrawal window context.
url history
1 sourcesBTCJam archived website
Internet Archive
Archived domain history for BTCJam.
No evidence records match the current filters.
Comparative records