Hold your breath, everyone! The cryptocurrency world has been rocked by two shocking thefts in recent days. Two shocking thefts have completely roiled the market. You might not believe it—the combined amount of money involved could eclipse the GDP of many small countries!

Let's start with the first case. This incident was hidden for almost five years before it was finally uncovered. LuBian, the once-dominant mining pool, controlled 6% of the Bitcoin network's hash rate. Was that ruthless enough? Then, in December 2020, with a sudden, devastating loss, 127,000 BTC disappeared! At today's price, that's a whopping $14.5 billion! This single incident completely destroyed this leading mining pool, leaving it without even a chance to say goodbye.

The entire cryptocurrency world was in a state of panic. Retail investors were frantically transferring their coins, nearly overwhelming exchange servers. Some speculated that this was more than just a hack. Perhaps the mining pool was already rotten, with collusion between insiders and outsiders absconding with the funds!

While the aftermath here hasn't settled, another major hole has been struck in the ETH market! Just recently, a major exchange was breached by hackers, and over 400,000 ETH and stETH disappeared overnight, worth over $1.5 billion (approximately 10.8 billion RMB)! This operation directly set a new record for cryptocurrency theft, arguably the most brutal in history.

Even more frightening, the hackers didn't waste a second transferring the stolen funds to an untraceable address, leaving no trace. The exchange was terrified, freezing assets and reporting to the police, but the funds were long gone. Even worse, a single order on HTX-BTC resulted in a $45.79 million liquidation. Countless people plummeted from heaven to hell overnight!

The entire market seems to have lost its soul, and retail investors are staring at their accounts day in and day out, afraid they might be next. Some people simply liquidated their positions and ran away, saying they didn't want to play anymore, causing the price of the currency to go on a roller coaster ride and the trading volume to plummet to a point where even their parents couldn't recognize it.