Six black swan events in the currency circle 1. February 2014 Mentougou Incident: Bitcoin Plummeted by 80% In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the cryptocurrency circle. At that time, MTGOX, the world's largest bitcoin exchange, was hacked and lost nearly 850,000 bitcoins, accounting for seven percent of the world's total bitcoins. This event not only caused the price of bitcoin to plummet by 80%, but also triggered a crisis of confidence in the cryptocurrency market. 2. 2017 9.4 event: market value evaporated 80% In 2017, the cryptocurrency market experienced tremendous volatility, with 80% of its market value evaporated in just a few days. Investors have lost a lot in this crisis, but it is this experience that gives a deeper understanding of the complexities of the cryptocurrency market. 3. March 12, 2020 Incident: Ether Plummets to $80 On this heartbreaking day, the price of Ether plummeted below $80. The event has shone a light on the impermanence and uncertainty of the cryptocurrency market, but despite this, the belief in the great potential and value of cryptocurrencies remains strong. 4. The 5.19 event in 2021: 600,000 contract dogs liquidated This is a shocking event, 600,000 contract dogs were liquidated overnight, and countless investors suffered huge losses. This incident reminds us once again that the cryptocurrency market is full of risks and uncertainties. 5. 2022 Luna Black Swan Event: Crisis in the DFI Sector The Luna Black Swan event marked a major turning point in the cryptocurrency market, triggering a major crisis in the decentralised finance (DFI) space that had a profound impact on the market. 6. The 2022 FTX Thunderstorm: A Crisis of Market Confidence The FTX explosion triggered a crisis of confidence in the entire cryptocurrency market, which hit the market hard. Although the market has been relatively friendly to us this year, these tragic events are still a wake-up call for us to stay vigilant. We look forward to the beginning of a new chapter in the ever-changing industry. Short-term trading + 10,000 times leverage + 0 handling fee Choose the VEX Index Trading Platform: