Dubai recently experienced record-breaking rainstorms and severe flooding, significantly impacting the city during a major period for the cryptocurrency industry. The floods coincided with Token2049, one of the largest events on the crypto calendar, leading to its cancellation as well as disruptions to other crypto and blockchain conferences. The extreme weather conditions caused widespread chaos, disrupting travel and infrastructure, and stranding many attendees in neighboring countries like Saudi Arabia and Oman. This also resulted in a loss of business for Indian players in the industry.