Tougou Incident: Nightmare of Bitcoin Market
Back in February 2014, a terrible disaster befell the Bitcoin industry - the Mentougou Incident!
At that time, the world's largest Bitcoin exchange was not registered yet, but it was brutally attacked by hackers, and 850,000 Bitcoins were stolen, accounting for 7% of the total number of Bitcoins in the world!
This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of trust in the entire cryptocurrency market. The technology is so vulnerable that hackers can steal coins at will! Fortunately, this happened 10 years ago. If it happened in other industries, such a large-scale theft of assets would definitely not be recovered. But fortunately, the price of Bitcoin has soared in the past 10 years, and the judicial department has required compensation based on the legal currency standard, not the Bitcoin standard. As a result, after the Mentougou Exchange was liquidated, the value of the remaining Bitcoins in the wallet was enough to repay the creditors' debts 10 years later, and all losses were compensated! Recently, the Mentougou Exchange has made new moves. They are preparing to distribute 142,000 bitcoins and 143,000 BCH bitcoin cash to creditors, with a total value of more than 9 billion US dollars, which is exactly the same as the value of the legal currency lost by creditors that year! After the Mentougou incident, what other similar incidents have there been? If you have no direction for the market, follow me and pin it to share the bull market wealth life #以太坊ETF批准预期 #5月市场关键事件 #美众议院通过FIT21法案 $BOME $PEOPLE
Back in February 2014, a terrible disaster befell the Bitcoin industry - the Mentougou Incident!
At that time, the world's largest Bitcoin exchange was not registered yet, but it was brutally attacked by hackers, and 850,000 Bitcoins were stolen, accounting for 7% of the total number of Bitcoins in the world!
This incident not only caused the price of Bitcoin to plummet by 80%, but also triggered a crisis of trust in the entire cryptocurrency market. The technology is so vulnerable that hackers can steal coins at will! Fortunately, this happened 10 years ago. If it happened in other industries, such a large-scale theft of assets would definitely not be recovered. But fortunately, the price of Bitcoin has soared in the past 10 years, and the judicial department has required compensation based on the legal currency standard, not the Bitcoin standard. As a result, after the Mentougou Exchange was liquidated, the value of the remaining Bitcoins in the wallet was enough to repay the creditors' debts 10 years later, and all losses were compensated! Recently, the Mentougou Exchange has made new moves. They are preparing to distribute 142,000 bitcoins and 143,000 BCH bitcoin cash to creditors, with a total value of more than 9 billion US dollars, which is exactly the same as the value of the legal currency lost by creditors that year! After the Mentougou incident, what other similar incidents have there been? If you have no direction for the market, follow me and pin it to share the bull market wealth life #以太坊ETF批准预期 #5月市场关键事件 #美众议院通过FIT21法案 $BOME $PEOPLE