On that fateful day, the renowned investment bank, filed for bankruptcy, setting off a chain reaction that led to the Great Financial Crisis, devastating job losses, and homelessness.

In the midst of this turmoil, Bitcoin was born.

Lehman Brothers, a venerable Wall Street institution, had amassed massive amounts of debt tied to risky mortgage-backed securities. When the housing market began to crumble, Lehman faced insurmountable losses. 

The Lehman Brothers collapse sent shockwaves through the financial system. Confidence in banks eroded, causing a credit freeze that spread globally. Stock markets plunged, and numerous financial institutions faced severe liquidity problems.

Governments worldwide scrambled to rescue failing banks, and central banks took unprecedented steps to stabilize markets.