Six Major Black Swan Events in the Crypto World

1. February 2014 Mentougou Incident: Bitcoin plummeted by 80%
In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the crypto world.
At that time, the world's largest Bitcoin exchange MTGOX suffered a hacker attack, losing nearly 850,000 coins, which accounted for seven percent of the total Bitcoin supply.
This event not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of confidence in the crypto world.
2. September 4th Incident in 2017: Market value evaporated by 80%
In 2017, the cryptocurrency market experienced significant volatility, with a market capitalization evaporating by 80% in just a few days.
Investors suffered significant losses in this crisis, but it is precisely such experiences that lead to a deeper understanding of the complexities of the cryptocurrency market.
3. March 12, 2020 Event: Ethereum plummeted to $80 On this heartbreaking day, the price of Ethereum dropped below $80.
This event has shown people the volatility and uncertainty of the crypto world, yet the belief in the great potential and value of cryptocurrency remains strong.
4. The May 19, 2021 Incident: 600,000 Contract Dogs Liquidated This was a shocking event, with 600,000 contract dogs liquidated overnight, causing immense losses for countless investors.
This event reminds us once again that the cryptocurrency market is full of risks and uncertainties.
5. The 2022 Luna Black Swan Event: The Luna Black Swan Event in the dfi sector marked a significant turning point in the cryptocurrency market, triggering a major crisis in the decentralized finance (dfi) field and having a profound impact on the market.
6. The 2022 FTX Black Swan Event: Market Trust Crisis
The FTX explosion event has triggered a trust crisis in the entire crypto world, severely impacting the market.
Although the market has been relatively friendly to us this year, these tragic events have still sounded the alarm for us, reminding us to stay vigilant at all times.
In the constant changes of this industry, we look forward to the opening of a new chapter.