The cryptocurrency market of 2025 has officially come to an end, and this year has seen many thrilling events, whether it was the U.S. President issuing a coin or epic liquidations, making 2025 an extraordinary year. Looking back, we gather the absurd and ridiculous moments from this year as a surprise at the end of a certain chapter, as a commemoration of you and me still "alive" in this "casino," this amusement park, this experimental field as we reach the end of the year, hoping to see the conclusion, which is the origin of all this absurdity this year, an existence even more ridiculous than "the hot weather turning cold wallets into hot wallets."
Founder Goes Missing on TGE Day, Claims to Have Lost Main Coin Multisig in Northern Myanmar
In February, the DIN team announced that they had been unable to contact project founder Harold for several hours and were seeking assistance from venture capital firms and media to confirm his whereabouts. According to Harold's previous statements on social media, he was suspected to be in Myanmar and claimed to have lost his multisig wallet and laptop. Despite the founder's temporary disappearance, the DIN team stated that the $DIN token issuance plan was not affected. Currently, the TGE has received 2/3 multisig approval and is expected to launch as scheduled. Some community members believe this incident has brought unexpected attention to the project, while others have questioned the narrative of "founder missing, wallet lost but project still launching normally," suspecting the possibility of deliberate hype.
zkLend Hacker Clicks Phishing Site by Mistake, Leading to Second Theft of Stolen Funds; Hacker Requests Cooperation with zkLend to Recover Funds
In April, the zkLend hacker (the original incident occurred in February) mistakenly clicked on a phishing site while trying to use Tornado Cash, resulting in the theft of 2930 ETH. The hacker then sent an on-chain message to zkLend stating, "Hello, I intended to transfer the funds to Tornado Cash but mistakenly used a phishing site, and all the funds were lost. I am devastated. I sincerely apologize for the chaos and loss caused. All 2930 ETH have been taken by the operators of that site. I have no coins left. Please focus on those site operators to see if any funds can be recovered."
On the same day, zkLend officially stated that the phishing site appeared to have been operating for over five years. At this stage, the security team had no conclusive evidence linking the phishing site to the attacker. As a precaution, zkLend has included these new wallet addresses from the phishing site in its fund tracking efforts for real-time monitoring and is in contact with CEX and authorities, with the team continuing to work on tracking these funds.
Zerebro Founder Fakes Death and Releases Timed Suicide Note
In May, a clip of Zerebro co-founder Jeffy Yu committing suicide during a live stream circulated online. At the time, many viewed it as a bizarre live stream similar to the earlier Pump.Fun incident, just another "plot" staged by meme developers for attention. On the afternoon of May 6, a screenshot of Jeffy Yu's obituary began circulating on social media, prompting people to connect it with the "suicide clip" from two days prior.
As attention grew, the associated meme token LLJEFFY saw its market cap surge, briefly surpassing $30 million. However, on the evening of the 6th, several KOLs posted to "debunk" the story, revealing that Jeffy Yu had sent a detailed letter to an early investor, indicating that this was a carefully planned "fake death exit" strategy. Jeffy Yu stated that due to ongoing harassment from a former partner, malicious exposure of personal information, and online hate, he chose to "permanently exit" by faking a death video. In the letter, he admitted this was the "only way" to avoid a crash in the project's token price. This incident is considered the first "fake death exit strategy" in cryptocurrency history.
Partner of Clanker, Who Previously Stole Project Funds, Unmasked at Offline Conference
In May, the AI token launcher Clanker on Base announced the termination of its partnership with core developer proxystudio (@proxystudio.eth). Team member Jack Dishman stated in the announcement that the Clanker team had only recently realized proxystudio's past misconduct.
What added a touch of absurdity to this news was the protagonist's multiple identities; proxystudio's true identity was Gabagool.eth, who was active in the DeFi space and became known for on-chain detective work. In 2022, this on-chain detective was exposed for embezzling approximately $350,000 from the wallet of his team Velodrome, and only returned the funds under community and project pressure.
Even more surreal, Gabagool was not uncovered through on-chain data but was recognized in person at the FarCon offline event by an old colleague—according to multiple media reports, Aerodrome founder Alex Cutler recognized proxystudio as the former Gabagool, leading to the old case being dug up overnight, and the Clanker team quickly issued a "we have parted ways" announcement.
A Bitcoin Wallet Zeroes Out User Balances
In June, multiple community users reported that their balances in the Bitcoin Lightning Network wallet Alby appeared to have been deducted by the platform. Alby's official documentation stated in the updated service terms from March 2025: "Users have been notified for over a year to withdraw excess funds from their old Alby accounts created in 2023 and earlier that use a shared wallet structure. To manage these long-inactive accounts more effectively, we reserve the right to deduct all remaining balances from accounts with no transaction activity (i.e., no completed transactions) for a continuous period of 12 months."
Alby, redefining wallets.
Paxos Mints 300 Trillion PYUSD by Mistake and Destroys It Urgently, Equivalent to More Than Twice the Global Debt Total
In October, stablecoin issuer Paxos minted 300 trillion PYUSD stablecoins pegged to the dollar at a 1:1 ratio, and after discovering the error, took 22 minutes to destroy all the tokens.
Based on its dollar-pegged value, the total amount of destroyed tokens reached approximately $300 trillion. In comparison, according to the International Monetary Fund, this amount exceeds more than twice the total GDP of all countries in the world.
Blockchain can solve the global debt problem in just one minute.
A Trader Who Can't Draw K Lines Is Not a Good Trader
When quant trading is pushed to the ground, and the altcoin traders can freely draw lines, the K lines you see be like:
Eclipse: We Have No Users
Since its inception, the Eclipse project has experienced multiple events that drew community attention, whether it was the founder embroiled in a sexual assault scandal or the frequent changes in leadership and CEOs. Recently, Eclipse posted on social media stating that Eclipse is a 36-month sociological study conducted by Harvard University. "Our research is now complete. Thank you for taking the time to cooperate." And then, in a post introducing the new project ETHGAS, the official Eclipse account bluntly stated, "We have no users."
Trump's Wife Issues a Coin
Everyone stand up.
No words can describe how absurd it is for Trump's wife to issue her namesake token MELANIA in the middle of the night after her husband issued a coin. If there were a pillar of shame in the cryptocurrency industry, MELANIA would be engraved at the very top of it, also the shame of the pillar.
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