The Web3 industry in 2025 was marked by a series of unusual and impactful events, underscoring ongoing challenges in trust and governance. A shadowy group managed to siphon $100 million from a political meme coin, raising concerns about security vulnerabilities. In another incident, an employee at Infini stole nearly $50 million, highlighting internal risks within organizations. Further complicating the landscape, a UMA whale manipulated a Polymarket oracle, and a dispute over TUSD reserve funds sparked significant controversy. Additionally, the industry was shaken by a Zerebro co-founder faking their death, and a failed reverse shell listing by Conflux. These events reflect the complex dynamics and evolving nature of Web3 adoption.