Review of Six Major Black Swan Events

1. February 2014 Mentougou Incident.

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 confidence in the cryptocurrency market.

2. September 4, 2017 Incident.

The cryptocurrency market experienced massive fluctuations, with a market value evaporating by 80% in just a few days. Investors suffered heavy losses and gained a deeper understanding of the complexity of the cryptocurrency market.

3. March 12, 2020 Incident.

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

4. May 19, 2021 Incident.

600,000 contracts were liquidated overnight, resulting in huge losses for many investors, once again reminding us of the high risks and uncertainties in the cryptocurrency market.

5. 2022 Luna Black Swan Event.

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

6. 2022 FTX Collapse Incident.

Caused a crisis of confidence throughout the entire cryptocurrency market, resulting in severe damage. Although the market is relatively friendly this year, these tragic events still serve as a wake-up call, reminding us to remain vigilant at all times. In the face of industry changes, we look forward to the dawn of a new chapter.