Six Major Black Swan Events in the Cryptocurrency World

1. February 2014 Mentougou Incident: Bitcoin Plummeted 80%

In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the cryptocurrency world. At that time, the world's largest Bitcoin exchange MTGOX suffered a hacker attack, losing nearly 850,000 Bitcoins, accounting for 7% 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 Incident 9.4: Market Value Vaporized by 80%

In 2017, the cryptocurrency market experienced huge fluctuations, with market value vaporizing by 80% in just a few days. Investors suffered heavy losses during 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 dropped below $80. This incident showcased the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the tremendous potential and value of cryptocurrencies remained steadfast.

4. May 19, 2021 Incident: 600,000 Contracts Liquidated

This was a shocking event where 600,000 contracts were liquidated overnight, causing immense losses to countless investors. This incident served as another reminder that the cryptocurrency market is rife with 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, with profound impacts on the market.

6. 2022 FTX Collapse Incident: Market Trust Crisis

The FTX collapse incident sparked a trust crisis across the entire cryptocurrency market, severely impacting the market. Although the market has been relatively friendly to us this year, these tragic events still serve as a wake-up call, reminding us to remain vigilant at all times. Amid the continuous changes in this industry, we look forward to the beginning of a new chapter.