Six Major Black Swan Events in the Cryptocurrency World

1. February 2014 Mentougou Incident: Bitcoin Plummeted by 80%

In February 2014, the Mentougou incident was considered one of the most serious events in the history of the cryptocurrency world. At that time, the world's largest Bitcoin exchange, MTGOX, was hacked, losing nearly 850,000 Bitcoins, which accounted for 7% of the total Bitcoin supply globally. This event not only led to an 80% drop in Bitcoin's price but also triggered a crisis of trust in the cryptocurrency market.

2. September 2017 9.4 Incident: Market Value Vaporized by 80%

In 2017, the cryptocurrency market experienced significant volatility, with market value vaporizing by 80% in just a few days. Investors suffered heavy losses during this crisis, but such experiences led to a deeper understanding of the complexities of the cryptocurrency market.

3. March 12, 2020 Incident: Ether Plummeted to $80

On this heartbreaking day, the price of Ether plummeted to below $80. This incident showcased the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the enormous potential and value of cryptocurrencies remained steadfast.

4. May 19, 2021 Incident: 600,000 Contract Liquidations

This was a shocking event where 600,000 contracts were liquidated overnight, resulting in massive losses for countless investors. This incident reminded us once again of the risks and uncertainties present in the cryptocurrency market.

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, which had far-reaching impacts on the market.

6. 2022 FTX Collapse Incident: Market Trust Crisis

The FTX collapse 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 have still sounded the alarm, reminding us to remain vigilant at all times. Amidst the constant changes in this industry, we look forward to the opening of new chapters without any issues.