Re: Bitcoin Bloody Year 2022 coming to End

Quote from: LDL on December 11, 2022, 11:29:17 PM

Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

Mango Exploit : $114-115M
Wintermute Hack: $160M
Beanstalk Farm Hack: $180M
Nomad Bridge Hack: $190M
WormHole Hack: $320M
Ronin Hack: $600M
Voyager : $3.75b
BlockFi: $4.5b
Celsius: $4.5b
Genesis Bankrupt: $5b
3AC implosions: $18b
Luna/UST crashed: $40b
FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.

It is with no doubt that the abovementioned issues struck the cryptocurrency world quite heavily. LUNA being the biggest perpetrator contributing to the collapse of cryptocurrency's credibility amongst the tuxedo people as well as the average joe. With cryptocurrency thriving on the complete trust of the people to the projects, there is still a great possibility that such happenstances may occur in the future, especially when we consider that yearly there are newcomers who are none the wiser when it comes to the ins and outs of the cryptocurrency world. That being said, I must say if it does happen again in the future, we'd be aptly-equipped to deal with these issues and would in return make wiser decisions that could lead to avoiding long-term bear markets like the one we are experiencing right now.