Six Major Black Swan Events Overview

1. The Mentougou Incident in February 2014.

The world's largest Bitcoin exchange MTGOX was hacked, losing nearly 850,000 Bitcoins, accounting for 7% of the total global Bitcoin supply. This incident caused Bitcoin to plummet by 80%, triggering a crisis of trust in the cryptocurrency market.

2. The September 4, 2017 Incident.

The cryptocurrency market experienced massive volatility, with the market value evaporating by 80 in just a few days. Investors suffered significant losses, leading to a deeper understanding of the complexities of the cryptocurrency market.

3. The March 12, 2020 Incident.

The price of Ether plummeted below $80, highlighting the volatility and uncertainty of the cryptocurrency market, yet faith in its potential and value remained strong.

4. The May 19, 2021 Incident.

600,000 contract dogs went bankrupt overnight, causing huge losses for many investors, once again reminding us of the high risks and uncertainties in the cryptocurrency market.

5. The Luna Black Swan Event in 2022.

Triggered a major crisis in the decentralized finance (DeFi) sector, becoming a significant turning point in the cryptocurrency market with far-reaching impacts.

6. The FTX Collapse in 2022.

Triggered a crisis of trust in the entire cryptocurrency market, severely impacting the market. Although this year's market is relatively friendly, these tragic events still serve as a wake-up call, necessitating constant vigilance. In the midst of industry changes, we look forward to the opening of a new chapter.