2025 Crypto Circle Silly Incident Log: Those Jaw-Dropping Absurd Moments

2025 has already come to an end. Turning the page, the stories in the crypto world are enough to fill an “Absurdities Anthology.” From the founder’s bizarre disappearance to hackers being counter-attacked, from “pseudo-death exits” to identity exposures, this year was full of dramatic twists. Let’s review those “silly moments” staged in the crypto space this year—these stories are so outrageous that they may have surpassed any writer’s imagination.

The Most Bizarre Disappearance of a Founder in Crypto: From TGE Scene to Missing in Myanmar

In February, the DIN project sparked the first wave of hot discussion in the crypto community this year. On the day of the Token Generation Event (TGE), the project founder Harold suddenly vanished into thin air. The team urgently posted a help notice on social media, stating they had been unable to contact this core person for several hours, even mobilizing venture capital firms and media to assist in the search.

Even more surreal, Harold himself explained his “disappearance” on social platforms: he was in Myanmar and had lost both a multi-signature wallet and his laptop. Normally, a founder going offline should mean a project crisis. But the DIN team announced that the token issuance would proceed as scheduled because two-thirds of the multi-signature setup was in place. This seemingly ironic situation immediately triggered heated debate in the crypto community: was he truly missing, or was it a publicity stunt? The community split into two camps—one believing it was unintentional publicity, the other questioning the “disappearance but project still running” scenario.

Hacker Turned Victim: The Most Ironic Causality Loop in Crypto

In April, an even more outrageous story spread in the crypto world. A hacker who previously attacked the zkLend project tried to launder 2930 ETH through Tornado Cash, a privacy mixer. But at this critical moment, he fell into a trap—accidentally clicking on a phishing website, resulting in all funds being stolen by the operators of that phishing site.

What’s more interesting is that this hacker later sent an on-chain message to the zkLend team, pleading sincerely: “I intended to transfer funds into Tornado Cash but mistakenly used a phishing site, now all my funds are gone. I am devastated. I deeply apologize for the chaos and losses caused. I am now left with nothing. Please help track down the phishing site operator and see if the funds can be recovered.”

This twist is enough to be recorded in the “Ironic Incidents” of crypto: the victim ended up on the same side as the attacker, jointly fighting against a worse villain. According to zkLend’s official investigation, the phishing site’s “operation history” spans over five years and has “scammed” many victims.

Fake Death Fame? The Crazy Self-Rescue of a Crypto Founder

In May, the crypto world witnessed an unprecedented “pseudo-death exit.” Jeffy Yu, co-founder of Zerebro, staged a big show: a video clip of him shooting himself during a live stream circulated online, initially mistaken by many as another “crazy live broadcast” (similar to those meme developers on Pump.Fun trying to grab attention).

Two days later, a screenshot of “Jeffy Yu’s obituary” went viral on social media, making people realize the seriousness of the situation. This was followed by a shocking market reaction—the related meme token LLJEFFY’s market cap soared to $30 million, as if this “tragedy” brought unexpected traffic benefits to the project.

However, by the evening of June 6, several crypto KOLs started “calling out” the falsehood, and the truth was revealed: the entire “death event” was a carefully planned performance by Jeffy Yu. In a letter to early investors, he admitted that choosing this extreme method was because he couldn’t stand the ongoing harassment from his ex-partner, malicious exposure of personal information, and online hate campaigns. He even wrote that it was the “only way out” to prevent the project’s token price from plummeting. This “pseudo-death exit” was later hailed as the craziest founder self-rescue in crypto history.

Once a Justice Knight, Now a Thief? Major Identity Reversal in Crypto

In mid-May, another identity mystery emerged in crypto. The AI token launcher Clanker on Base chain announced a split from its core developer proxystudio. This is a common project dispute, but the hidden identity reversal behind it was jaw-dropping.

It turned out that proxystudio’s real identity was Gabagool.eth, a well-known on-chain detective from the early DeFi scene, famous for “on-chain bounty hunting.” This on-chain investigator was known for tracking fund flows, but surprisingly, in 2022, this “justice knight” had embezzled about $350,000 from the vault of his own team Velodrome, only to barely return it under community and project pressure.

Even more surreal, the way this identity was exposed exceeded all expectations—proxystudio was not uncovered through on-chain data but was recognized in person at the FarCon offline event by a former colleague. It is said that Alex Cutler, founder of Aerodrome, recognized this person as the same Gabagool on-site. The old case was immediately dug up, and the Clanker team quickly issued a statement severing ties. An “offline scandal” story thus spread in the crypto community.

Wallets “Cleared”: The Hidden Pain of Crypto Users

In June, a notice from Bitcoin Lightning Network wallet Alby caused a stir in the community. Many users found their wallet balances mysteriously disappeared. Alby’s official explanation was that, according to the updated terms of service in March, the platform reserved the right to forcibly deduct all remaining balances from long-inactive shared wallets—especially those created before 2023. Specifically, if an account had no transactions for 12 consecutive months, Alby would wipe out all funds.

This move quickly sparked controversy. While officially justified as “more effective management of long-term inactive accounts,” users felt differently—“their money just vanished.” Discussions about wallet security and platform authority heated up in the community.

One Button, 300 Trillion Dollars: The Most Expensive Slip in Crypto

In October, the most absurd incident in stablecoin operations occurred. Paxos staff, while minting stablecoins, accidentally minted 300 trillion PYUSD tokens (theoretically pegged 1:1 to USD). This number implies a total virtual asset value of about $300 trillion—how outrageous is that? According to IMF data, this is more than twice the combined GDP of all countries worldwide.

Fortunately, Paxos responded swiftly, destroying all 300 trillion tokens within 22 minutes of discovering the error. But this event remains the most “dangerous” operational mistake of the year—one button almost rewrote the global economic landscape.

Hand-Drawn K-lines? The Artistry of Crypto Whales

This year, the technical analysis community in crypto revealed a “secret”: some shill whales have abandoned complex quantitative operations and started manually drawing K-line charts to manipulate prices. A quant trader jokingly said, “It’s like rubbing quant traders into the ground”—when you see those geometrically perfect K-line patterns, you realize they might just be “artistic creations” by someone.

The Project Claiming Harvard Research Says “We Have No Users”

Eclipse has been a hot topic since its inception, with founder scandals, leadership changes, and CEO switches—constant turbulence. Recently, Eclipse posted on social media claiming it was a 36-month sociology research project conducted by Harvard University, thanking everyone for their cooperation.

But the irony is, under the post introducing their new project ETHGAS, the official Eclipse account bluntly stated: “We have no users.” The stark contrast made everyone in crypto burst into laughter—what claims to be Harvard research openly admits it has no users. This isn’t scientific research; it’s performance art.

The Era of Celebrity Coin Launches: Is the Crypto World Going Crazy?

In 2025, the crypto scene also witnessed a wave of celebrity coin launches. Former US President Donald Trump issued a token, and his wife Melania couldn’t sit still—she launched a token named MELANIA late at night. This move sparked widespread ridicule in the community.

Many believe that if there is a “shame pillar” in crypto, MELANIA should be engraved at its top—and it should also be “the shame of the shame pillar itself.” These celebrity coin events mark the industry’s march toward “ultimate absurdity” in 2025.

Year-End Reflection: The Crypto World Still Alive

In 2025, the crypto industry staged a “Silly Show.” From the founder’s bizarre disappearance to hacker counter-attacks, from “pseudo-death exits” to identity scandals, from wallets being forcibly emptied to astronomical minting errors—these events reveal the true face of the industry from different angles: absurd, crazy, but never short of stories.

If the major liquidation shocks of 2024 were breathtaking, then 2025 has shown us through a series of “silly moments” that this industry may not be as rational as we imagine, but it has never stopped evolving. These outrageous stories are not only warnings of risks but also proof of the ecosystem’s vitality. Surviving until the end of 2025 and witnessing these crazy moments is in itself a reason to celebrate.