The effect of freeze–thaw cycles (FTCs) is a prevalent hydrothermal phenomenon in seasonal permafrost regions, significantly affecting the micro and engineering properties of moraine. This study investigates the engineering properties and failure mechanisms of moraine induced by FTCs, using samples with varying dry densities subjected to 0–20 FTCs. The permeability characteristics, particle breakage characteristics, elastic modulus, stress–strain curve, excess pore water pressure, peak friction angle, and critical state line characteristics of the moraine were analyzed before and after the FTCs, and the microscopic failure mechanism of moraine induced by FTCs was revealed. The test results show a degradation in the engineering properties of moraine induced by FTCs, exhibiting the greater the dry density the more obvious the damage to the engineering properties of the moraine. In addition, the particle fragmentation and fine particle aggregation caused by the FTCs changed the distribution, shape, arrangement, and particle intercontact patterns, which revealed the failure mechanism of moraine induced by FTCs. The correlation analysis between the shear strength index and microstructural parameters demonstrated that the particle arrangement has the greatest effect on the peak friction angle and particle shape has the greatest effect on the critical state line of moraine under the FTCs conditions. The findings offer experimental evidence and theoretical support for preventing and resolving geological risks and engineering project problems resulting from the deterioration of moraine shear strength during FTCs in the alpine mountain region.
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