A review of the eight major risk events in the encrypted digital asset industry in 2020

A review of the eight major risk events in the encrypted digital asset industry in 2020

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一文回顾2020年加密数字资产行业的八大风险事件

Text | Rachel

Macroeconomics, technology, supervision and team risks have always highly affected the health of the industry.

1.312 Black Swan: Bitcoin’s biggest one-day drop in three years

2. Cover Protocol contract loopholes lead to a large number of additional issuances

Recommended reading:

3. Compound was attacked by oracles and nearly 90 million US dollars of assets were liquidated

Recommended reading:

4. Yam contract vulnerability, “ 99% of the evaporation is only because of a line of code”

The failure of YAM this time lies in the existence of a serious loophole in the contract for unlimited token issuance, which eventually led to the market collapse. 99% of the evaporation is due to a single line of code.

The project has not yet conducted any audit of its contract, and investment is risky.

Recommended reading:

5. Lendf.me was stolen, the hacker returned the bulk of the funds

Recommended reading:

6. bZx lightning loan attack, hackers set millions of dollars in ten seconds

Recommended reading:

7. Ripple was sued by the US SEC, and XRP plummeted

Recommended reading:

8. FCoin ran away with money, the star exchange collapsed