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The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
The 2017 Bitcoin Flash Crash Phenomenon on Coinbase
A flash crash is a sudden, severe, and brief decline in an asset's price, followed by a rapid recovery, often driven by automated trading.
The 2011 Bitcoin Flash Crash on Mt. Gox
In June 2011, the Bitcoin price on the Mt. Gox exchange plummeted from approximately $17 to $0.01 in a sudden flash crash.
The GHASH.io Mining Pool 51% Concern of 2014
In 2014, the GHASH.io mining pool briefly controlled over 50% of Bitcoin's hash rate, sparking fears of a 51% attack that could undermine the network's security.
The Verge 51% Attack of 2018 Explained
The Verge 51% attack in 2018 demonstrated a critical vulnerability in smaller Proof-of-Work blockchain networks. This event highlighted the risks associated with a single entity gaining majority control over a network's hashing power.
The 2018 51% Attack on Bitcoin Gold
A 51% attack occurs when a single entity or group gains control of over half of a blockchain network's computational power, enabling them to manipulate transactions.
The 2019 and 2020 51% Attacks on Ethereum Classic
Ethereum Classic experienced significant 51% attacks in 2019 and 2020, leading to substantial double-spend losses for cryptocurrency exchanges. These incidents highlighted the vulnerabilities of Proof-of-Work networks with lower hash rates.
The 2022 DeFi Hack Record: The Worst Year for Exploits
The year 2022 marked an unprecedented surge in decentralized finance (DeFi) exploits, establishing it as the most challenging period for security in the nascent industry.
GBTC Arbitrage Trap and its Role in the 2022 Collapse
The GBTC arbitrage trap was a strategy that aimed to profit from the premium of Grayscale Bitcoin Trust shares over their underlying Bitcoin value.
The stETH De-peg During the Terra Collapse 2022
The stETH de-peg in May 2022 saw Lido's liquid staking token trade at a discount to Ethereum, triggered by the broader market contagion from the Terra ecosystem's collapse.
The 2022 Contagion: Interconnected Failures of 3AC, Celsius, and Voyager
The 2022 crypto market downturn exposed deep interconnections between major industry players, leading to a cascade of bankruptcies.
The Celsius Bankruptcy Plan and Creditor Repayment
Celsius Network, a major cryptocurrency lending platform, filed for Chapter 11 bankruptcy in July 2022 following a severe liquidity crisis and a freeze on customer withdrawals.
Alex Mashinsky Trial and Celsius Network's Guilty Plea
Alex Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison after pleading guilty to fraud charges related to the cryptocurrency lending platform's collapse.
The Downfall of Su Zhu and Kyle Davies After the 3AC Collapse
Three Arrows Capital (3AC), a prominent crypto hedge fund founded by Su Zhu and Kyle Davies, collapsed spectacularly in mid-2022 due to aggressive leverage and a market downturn.
The Do Kwon Extradition Case in Montenegro
The Do Kwon extradition case details the legal proceedings that led to the transfer of Terraform Labs co-founder Do Kwon from Montenegro to the United States.
Terra 2.0 Restart and LUNA Airdrop 2022 Explained
The Terra 2.0 restart involved launching a new blockchain and LUNA token in May 2022, following the collapse of the original Terra ecosystem.
Mirror Protocol and the Terra Synthetic Stock Experiment
Mirror Protocol was a decentralized finance platform that enabled the creation and trading of synthetic assets, known as mAssets, which mirrored the price of real-world assets like US stocks.
The Anchor Protocol Collapse and the 20% UST Promise
Anchor Protocol offered an unprecedented nearly 20% annual yield on TerraUSD (UST) deposits, attracting significant capital to the Terra ecosystem.
Mirror Protocol Exploit After the Terra Collapse
The Mirror Protocol, a decentralized finance platform on the Terra blockchain, suffered significant exploits following the collapse of TerraUSD (UST).
The Inverse Finance Oracle Attack of 2022
The Inverse Finance oracle attack in June 2022 was a sophisticated flash loan exploit that manipulated the protocol's price oracle.
The 2022 Fei Protocol and Rari Fuse Hack
In April 2022, the decentralized finance (DeFi) ecosystem experienced a significant security breach when attackers exploited a re-entrancy vulnerability in Rari Capital's Fuse pools, resulting in an $80 million loss for Fei Protocol.