One, February 2014 Mt. Gox incident: Bitcoin plummeted by 80%
In February 2014, the Mt. Gox incident was regarded as one of the most serious events in the history of the crypto circle. At that time, the largest Bitcoin exchange in the world
suffered a hacker attack, losing nearly 850,000 Bitcoins.
account for seven percent of the total global Bitcoin supply. This event not only caused the Bitcoin price to plummet by 80%, but also triggered the cryptocurrency
crisis of trust in the market.
Two, September 4, 2017 incident: market value evaporated by 80%
In 2017, the cryptocurrency market experienced huge fluctuations, with a market value evaporating by 80% in just a few days. Investors suffered losses in this crisis.
heavy losses, but it is precisely such experiences that deepen our understanding of
complexity of the cryptocurrency market.
Three, March 12, 2020 incident: Ether plummeted to $80
On this heartbreaking day, the price of Ether plummeted by 80.
below a dollar. This incident highlighted the volatility and uncertainty of the cryptocurrency market; nonetheless, the belief in the enormous potential and value of cryptocurrency remains steadfast.
Four, May 19, 2021 incident: 600,000 contract dogs liquidated
This was a shocking incident, with 600,000 contract dogs liquidated overnight, causing countless investors to suffer huge losses. This event
reminds us once again that the cryptocurrency market is full of risks and uncertainties.
Five, 2022 Luna Black Swan incident: crisis in the DeFi sector
The Luna Black Swan incident marked a significant event in the cryptocurrency market.
turning point that triggered a major crisis in the decentralized finance (DFI) sector, having a profound impact on the market.
Six, 2022 FTX explosion incident: crisis of trust in the market
The FTX explosion incident triggered a crisis of trust across 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, reminding us to remain vigilant at all times. Amidst the constant changes in this industry, we look forward to the beginning of a new chapter.
