1. February 2014 Mentougou Incident: Bitcoin plummeted by 80%
In February 2014, the Mentougou Incident was considered one of the most serious events in the history of the cryptocurrency circle.
At that time, the world's largest Bitcoin exchange, MTGOX, suffered a hacker attack, losing nearly 850,000 Bitcoins, accounting for seven percent of the total global Bitcoin supply.
This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of trust in the cryptocurrency market.
2. September 2017 9.4 Incident: Market value evaporated by 80%
In 2017, the cryptocurrency market experienced huge fluctuations, with 80% of its market value evaporating in just a few days.
Investors suffered heavy losses in this crisis, but such experiences deepened the understanding of the complexity of the cryptocurrency market.
3. March 12, 2020 Incident: Ethereum plummeted to $80. On this heartbreaking day, the price of Ethereum fell below $80.
This incident showed people the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the huge potential and value of cryptocurrencies remains strong.
4. May 19, 2021 Incident: 600,000 Contract Dogs Liquidated. This was a shocking event where 600,000 contract dogs were liquidated overnight, resulting in huge losses for countless investors.
This incident once again reminds us that the cryptocurrency market is full of risks and uncertainties.
5. 2022 Luna Black Swan Incident: Crisis in the DeFi Sector. The Luna Black Swan Incident marked a significant turning point in the cryptocurrency market, triggering a major crisis in the decentralized finance (DeFi) sector and having a far-reaching impact on the market.
6. 2022 FTX Explosion Incident: Market Trust Crisis
The FTX explosion incident triggered a crisis of trust in the entire cryptocurrency market, severely impacting the market.
Although the market has been relatively friendly to us this year, these tragic events still sound the alarm for us, reminding us to remain vigilant at all times.
In the ever-changing landscape of this industry, we look forward to the opening of a new chapter.
Six Major Black Swan Events in the Cryptocurrency Circle
1. February 2014 Mentougou Incident: Bitcoin plummeted by 80%
In February 2014, the Mentougou Incident was considered one of the most serious events in the history of the cryptocurrency circle.
At that time, the world's largest Bitcoin exchange, MTGOX, suffered a hacker attack, losing nearly 850,000 Bitcoins, accounting for seven percent of the total global Bitcoin supply.
This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of trust in the cryptocurrency market.
2. September 2017 9.4 Incident: Market value evaporated by 80%
In 2017, the cryptocurrency market experienced huge fluctuations, with 80% of its market value evaporating in just a few days.
Investors suffered heavy losses in this crisis, but such experiences deepened the understanding of the complexity of the cryptocurrency market.
3. March 12, 2020 Incident: Ethereum plummeted to $80. On this heartbreaking day, the price of Ethereum fell below $80.
This incident showed people the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the huge potential and value of cryptocurrencies remains strong.
4. May 19, 2021 Incident: 600,000 Contract Dogs Liquidated. This was a shocking event where 600,000 contract dogs were liquidated overnight, resulting in huge losses for countless investors.
This incident once again reminds us that the cryptocurrency market is full of risks and uncertainties.
5. 2022 Luna Black Swan Incident: Crisis in the DeFi Sector. The Luna Black Swan Incident marked a significant turning point in the cryptocurrency market, triggering a major crisis in the decentralized finance (DeFi) sector and having a far-reaching impact on the market.
6. 2022 FTX Explosion Incident: Market Trust Crisis
The FTX explosion incident triggered a crisis of trust in the entire cryptocurrency market, severely impacting the market.
Although the market has been relatively friendly to us this year, these tragic events still sound the alarm for us, reminding us to remain vigilant at all times.
In the ever-changing landscape of this industry, we look forward to the opening of a new chapter.
