The 94 Incident in the Cryptocurrency Circle - The Magnificent History of Blood and Tears of Leeks
Everyone has heard about the 94 incident in the cryptocurrency circle, and everyone knows that the market fell very sharply on 94, but in fact the most severe event was 915. 915 was the final blow of 94, and with just this one blow, countless people lost their fortunes once again!
Here I will reconstruct the whole incident as an eyewitness!
On September 4, 2017, seven ministries jointly issued a notice that explicitly prohibited any token issuance and financing activities, and all ICO token trading platforms were required to clean up and close transactions before the end of the month.
As soon as this article came out, altcoins began to fall. Many altcoins lined up to return to zero, falling several times. Many altcoin exchanges even chose to close directly.