A Review of the Six Major Black Swan Events in the Crypto World: Which Ones Did You Experience?

1. 2014 Mentougou Incident: The Largest Hacking Attack in History

The world's largest Bitcoin exchange, MTGOX, was hacked, losing approximately 850,000 Bitcoins, which accounted for 7% of the total Bitcoin supply at that time. This event directly caused Bitcoin prices to plummet by 80%, triggering a trust crisis in the cryptocurrency market.

2. 2017 "9.4" Incident: The Winter of the Crypto Market

In just a few days, the market capitalization of the cryptocurrency market evaporated by 80%. The massive volatility resulted in heavy losses for many investors, exposing the complexity and uncertainty of the market.

3. 2020 March 12 Incident: "Black Thursday"

Ethereum's price plummeted to below $80 overnight, causing panic in the crypto market. Despite this, many believers remained confident in the potential of blockchain technology, which became an opportunity for market rebirth.

4. 2021 May 19 Incident: 600,000 Contracts Liquidated, Bloodshed Everywhere

In one night, 600,000 contracts were liquidated, leading to substantial losses for investors. This brutal liquidation reminded people once again that the cryptocurrency market is high-risk and highly volatile, and a slight misstep can lead to total loss.

5. 2022 Luna Black Swan: A Wake-Up Call for DeFi

The collapse of LUNA triggered a systemic crisis in the decentralized finance (DeFi) sector. This event became a significant turning point for the crypto industry and deepened the awareness of risks associated with algorithmic stablecoins.

6. 2022 FTX Explosion: The Collapse of Trust

The sudden bankruptcy of crypto trading giant FTX shocked the world. The market subsequently fell into a severe trust crisis, and the entire crypto ecosystem suffered devastating blows. #山寨季何时到来？