[Tom Lee: The 1011 crash and DeFi protocol exploits have damaged market confidence, requiring weeks to recover] BlockBeats news, on November 7, Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, stated in an interview with CNBC yesterday that the 1011 crash was the largest liquidation event in crypto history. Following that, incidents such as the Balancer exploit and other DeFi protocol failures severely impacted market confidence, so it may take several weeks for the market to digest the effects of these events. 'The good news is that, for now, there don’t seem to be many problematic projects, so it doesn’t appear to be a systemic issue.'