The Crypto Market of 2025 officially closed, and it was a year full of thrilling events. Whether it was the U.S. President launching a coin or the epic-level mega liquidation, 2025 was destined to be extraordinary. Looking back, we have picked up those absurd and meme-worthy moments of the year, treating them as Easter eggs marking the end of a certain era. Let's see them as a commemoration of you and me still "alive" at the end of the year in this "casino," this amusement park, this experimental ground, hoping to see through to the end. That was the origin of all the memes and absurdity this year, even more absurd than "hot weather turning a cold wallet into a hot wallet."

Founder Goes Missing on TGE Day, Claims Main Coin Multi-Sig Lost in Northern Myanmar

In February, the DIN team announced that they had been unable to reach project founder Harold for several hours and were seeking assistance from VC firms and the media to confirm his whereabouts. According to Harold's previous social media posts, he was suspected to be in Myanmar and claimed to have lost a multi-signature wallet and a laptop. Despite the temporary disappearance of the founder, the DIN team stated that the $DIN token issuance plan was not affected. Currently, 2/3 multi-signature approval has been obtained for the TGE, and it is expected to launch as scheduled. Some community members believe that this incident unexpectedly brought heat to the project, while others questioned the scenario of "founder gone missing, wallet lost, but the project launching as planned," suspecting the possibility of deliberate hype.

zk-Lend Hacker Accidentally Clicks Phishing Site, Leading to Second Theft of Stolen Funds, Hacker Requests Cooperation with zk-Lend to Recover Funds

In April, the zk-Lend hacker (originally in February) mistakenly clicked on a phishing site while attempting to use Tor­nado Cash, resulting in the theft of 2930 ETH of stolen funds. The hacker then sent an on-chain message to zk-Lend stating, "Hello, I intended to transfer funds to Tornado Cash, but mistakenly used a phishing site, and as a result, all funds were lost. I am devastated. I deeply apologize for the chaos and loss caused by this. All 2930 ETH has been taken by the operators of that website. I have no coins left. Please focus your efforts on those website operators to see if some funds can be recovered."

On the same day, zkLend officially announced that the phishing site seemed to have been operational for over 5 years. At this stage, the security team did not have definitive evidence linking the phishing site to the attacker. As a precautionary measure, zkLend has included these new wallet addresses from the phishing site in its fund-tracking efforts for real-time monitoring and has been in contact with CEX and authorities. The team will continue to work on tracing these funds.

Zerebro Founder Fakes Death and Releases Timed Obituary

In May, a video clip of Zerebro co-founder Jeffy Yu livestreaming his own staged suicide by gunshot circulated online. At the time, many viewed it as another spectacle similar to the earlier Pump.Fun bizarre livestream, just another "drama" staged by a meme developer for attention. On the afternoon of May 6, a screenshot of Jeffy Yu's obituary began circulating on social media, connecting the dots for many who had seen the "suicide clip" two days prior.

As attention intensified, the associated meme token LLJEFFY saw a skyrocket in market value, briefly exceeding $30 million. However, on the evening of the 6th, several Key Opinion Leaders (KOLs) posted revelations debunking the incident. Jeffy Yu had sent a detailed letter to an early investor, revealing that this was a carefully orchestrated "pseudocide exit" plan. Jeffy Yu stated that due to ongoing harassment from a former partner, malicious doxxing, and online hate, he chose to "permanently exit" through the staged death video. He acknowledged in the letter that this was the "only way out" to prevent a sharp drop in the project's token price. This event is considered the first instance of a "pseudocide exit strategy" in cryptocurrency history.

Formerly Embezzled Project Funds, Clanker Partner Unmasked at Offline Event

In May, the AI token launchpad on Base, Clanker, 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 become aware of proxystudio's past misconduct.

What added a touch of absurdity to this news was the protagonist's multiple identities; proxystudio's actual identity is Gabagool.eth, a figure notorious in the early DeFi community for his online sleuthing skills. In 2022, this online detective was exposed for taking advantage of his position to siphon around $350,000 from his team Velodrome's wallet, only to return the funds under community and project pressure.

Making the situation even more surreal, Gabagool was not uncovered through online data analysis but was identified in person by a former colleague at the FarCon offline event. According to multiple media sources, Aerodrome founder Alex Cutler recognized proxystudio as the former Gabagool at the event, leading to the resurfacing of this old case overnight and Clanker team promptly issuing a statement announcing their separation.

A Bitcoin Wallet Zeroes Out User Balances

In June, several community users reported that their Bitcoin Lightning Network wallet, Alby, appeared to have deducted their balances. The Alby official documentation stated in the updated March 2025 terms of service: "Users have been notified for over a year to withdraw excess funds from their old version Alby accounts created in 2023 and earlier, using a shared wallet architecture. In order to more effectively manage these long-term inactive accounts, the right to deduct the entire remaining balance from the account is reserved after 12 consecutive months with no transaction activity (i.e., no completed transactions)."

Alby, redefining wallets.

Paxos Accidentally Mints 300 Trillion PYUSD and Emergency Destroys It, Equivalent to Over Twice the Global Debt

In October, stablecoin issuer Paxos minted 300 trillion PYUSD stablecoins pegged 1:1 to the US dollar, and after discovering the error, spent 22 minutes destroying all tokens.

Based on its US dollar pegged value, the total amount of destroyed tokens reached around 300 trillion dollars. As a comparison, according to International Monetary Fund data, 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 Painter Who Doesn't Draw Candlestick Charts Isn't a Good Market Maker

When you rub quant against the ground, and the market maker of a shitcoin can draw lines freely, the candlestick chart you see be like:

Eclipse: We Have No Users

The Eclipse project has experienced several events that have attracted community attention since its inception, whether it's the founder being involved in a sexual misconduct scandal or multiple mid-project leadership and CEO changes. Not long ago, Eclipse even posted on social media stating that Eclipse was a 36-month sociology research project conducted by Harvard University. "Our research is now complete. Thank you for your time and cooperation." Just when you thought it was over, under a post introducing the new project ETHGAS, the Eclipse official account bluntly stated, we have no users.

Trump's Wife Coin

Everyone stand up.

No language can describe Trump's wife creating her own namesake token MELANIA in the dead of night after her husband launched his own coin. This act was the epitome of absurdity. If the cryptocurrency industry had a pillory, MELANIA would be at the very top, the pinnacle of shame upon shame.

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