2025 Web3 Major Events: A True Reflection of Those "Magical" Moments

Reality is often stranger than fiction. This year, the Web3 world experienced too many absurd dramas of “nothing is impossible if you can imagine it.”

Political Figures’ Token Dark War: The Hidden Hands Behind Hundreds of Millions of Dollars in Harvesting

At the beginning of the year, the new US president launched personal tokens, igniting a global “coin issuance craze” in political circles. Argentine leaders and their spouses also followed suit, each launching related tokens. On the surface, it seemed like an innovative attempt by politicians, but in reality, it was a carefully orchestrated harvesting scheme.

According to on-chain data analysis, the wallet addresses behind the two projects are highly correlated and are connected to multiple historical rug projects. The project team is suspected of transferring over $100 million to unknown accounts by forging authorization documents, fabricating investment instructions, and other means. Even more outrageous, investigations revealed that the advisors of the political figures received millions of dollars in “promotion fees.”

This “open theft” harvesting tells us: when power colludes with capital, the retail investors have no chance to react.

Event Impact Index: ★★★★★

Internal Thief: Million-Year Salary Can’t Stop Gambling Desires

The stablecoin project Infini was hit by a “hacker attack” that ultimately turned into an internal farce. The stolen $49.5 million was actually controlled by a technical genius within the project.

This engineer was supposed to return contract permissions after completing development but “cleverly” kept a backdoor for himself. As gambling debts grew, he finally couldn’t resist the devil in his heart and chose the most extreme way—“borrowing money.”

From a tech genius to a prisoner, from earning millions annually to drowning in debt, the irony of this story is: no matter how proficient you are in blockchain, human greed remains the most primitive instinct.

Event Impact Index: ★

“Oracles” Raped: Big Players Use Voting Power to Rewrite Reality

On a well-known prediction market, the market price for an international political agreement once dropped to zero. But on the eve of the deadline, a whale holding 5 million voting tokens suddenly turned the tide—voting ratios instantly flipped to 100%.

His reason was simple: I have money, I call the shots. The design flaw of overly concentrated voting rights blurred the line between truth and falsehood. The platform’s final response was: “That’s the rule”—such buck-passing was jaw-dropping.

Event Impact Index: ★★★

Stablecoin Mystery: $456 Million Disappears Without Trace

A stablecoin issuer became embroiled in an international legal dispute over reserve fund transfers. The flow of funds turned into a puzzle that no court in multiple countries could solve: one side claimed funds were illegally embezzled, the other argued it was just a change of transfer addresses.

The most dramatic twist occurred during an online court session—an “absent” person suddenly appeared via video, transforming from “absentee” to “party involved.” This identity switch cast more doubt over the entire case.

Event Impact Index: ★★★★

Co-founder “Fake Death” Mystery: Escape or Marketing?

A 22-year-old co-founder’s “suicide” video circulated online, and the community mourned. But subsequent details like automated posts and inheritance tokens led people to suspect it was a carefully planned “exit show.”

After the truth was revealed, it turned out the entrepreneur was indeed planning a “fake death” scheme, but not for cashing out—rather to escape harassment and threats in real life. When entrepreneurship becomes a survival risk, some choose this extreme way to save themselves.

Event Impact Index: ★★★

Public Chain “Freeze” Hacker Funds: The Mask of Decentralization

After a major attack, a public chain directly froze the hacker’s funds through node voting. A 2/3 majority vote can rewrite on-chain reality, raising a sharp question: if my money is sent to the wrong address, will the public chain help me recover it?

The answer is likely no. This makes the word “decentralization” seem somewhat hypocritical.

Event Impact Index: ☆

“Reverse Shell” and Stock Market Dreams Shattered

A pharmaceutical company teamed up with a public chain project to go public via reverse acquisition. The plan was beautiful, but reality was cruel—failed financing, plunging stock prices, and finally, being ordered to suspend trading by the exchange. From a shell company dream to delisting, the whole process resembled a real-life “harvesting” scenario.

Event Impact Index: ★★★★

Veteran Returns to Crypto: From Car Making to “Coin Minting”

A former entrepreneur who once promised “returning to the country next week” changed strategy and shifted to the crypto asset field. He created a new product tracking the top ten cryptocurrencies worldwide and planned to raise hundreds of millions of dollars to buy digital assets. Even more impressive, this veteran is also investing in other companies transitioning into crypto.

Whether building cars or “minting coins,” this player always finds ways to profit from the market. His storytelling ability is truly top-notch.

Event Impact Index: ★★★★☆

Stablecoin Founder “Borrow Money to Cash Out”: Repeated Mistakes

A stablecoin project founder, knowing he could redeem investments after just one day, chose instead to cash out through loans and exchanges. The direct link between his account and the project made this behavior particularly suspicious.

Interestingly, this founder had previously founded two projects, both of which suffered from risk control issues. One or two times might be coincidence, but three times raises questions.

Event Impact Index: ★★★

Nova Funding Scandal: The Secret of “Zero-Risk” Investment

A Layer1 project offered a special “refund right” clause to a top-tier investment fund, making the $25 million investment almost risk-free. If the token price drops, the investor can demand a refund at the original price.

This operation bypassed the inherent “risk” attribute of venture capital. Other investors were even unaware of this clause. If true, this isn’t fundraising—it’s fraud.

Event Impact Index: ★★★

Summary: Human Nature Is Always the Greatest Screenwriter

In 2025, the Web3 world has no story more absurd than those that actually happen. From abuse of political power to personal greed, from exploiting technical loopholes to legal gaps, all these events point to the same question:

When regulation is absent and technology empowers human evil, the prosperity of Web3 becomes a test of human nature. Those who are smartest and most resourceful often become the greatest threats.

Perhaps the question we should ask is not “Why did these things happen,” but “When will the next absurd story appear.”