The global cryptocurrency industry wields significant influence over financial markets, with farreaching consequences for entire economies. While cryptocurrencies hold the potential to foster innovation, transparency, and benefits across various industries, they also introduce problems and disruptions, particularly in cases involving cryptocurrency insolvency and its resolution. In such instances, mediation, an alternative dispute resolution (ADR) technique wherein a neutral third party known as a mediator facilitates discussions and aids in reaching a mutually agreeable solution, can prove invaluable. By employing mediation in contentious cryptocurrency insolvency matters, it becomes possible to achieve resolutions that benefit both debtors and creditors, while also bolstering national economies. This research delves into the existing mechanisms for cryptocurrency dispute resolution and the challenges they present, drawing from recent cases in different countries. The objective of this study is to evaluate the position of mediation in global insolvency disputes, followed by the presentation of potential avenues that position mediation as an efficient mechanism for addressing insolvency disputes concerning cryptocurrencies.