1. February 2014 Mentougou Incident: Bitcoin Plummets 80%
In February 2014, the Mentougou incident was regarded as one of the most serious events in cryptocurrency history. At that time, the world's largest Bitcoin exchange MTGOX was hacked, losing nearly 850,000 Bitcoins, which accounted 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 9.4 Incident: Market Value Evaporates 80%
In 2017, the cryptocurrency market experienced significant volatility, with market value evaporating 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 Plummets to $80
On this heartbreaking day, the price of Ethereum plummeted below $80. This incident highlighted the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the immense potential and value of cryptocurrencies remained steadfast.
4. May 19, 2021 Incident: 600,000 Contract Liquidation
This was a shocking event, with 600,000 contracts liquidated overnight, causing countless investors to suffer significant losses. This event once again reminded us that the cryptocurrency market is filled 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, which had a profound impact on the market.
6. 2022 FTX Collapse Incident: Market Trust Crisis
The FTX collapse incident triggered a trust crisis across the entire cryptocurrency market, severely impacting the market. Despite the market being relatively friendly to us this year, these tragic events still serve as a wake-up call, reminding us to remain vigilant at all times. In the ever-evolving landscape of this industry, we look forward to the beginning of a new chapter.

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