Which event caused most harm to crypto community in 2025 ?

[Hispo]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

This year is far from over, though, so it would be perfectly possible for us to see more blatant attempts by ill-intentioned people to try to take the money of the community and run away with it, you know.
To me, the most harmful event which have fallen upon the crypto community has been the launch and promotion by Javier Milei of the token/coin called Libra, which was basically and pump and dump scheme managed from the shadows of his administration.
Unfortunately, millions of people had trust on the president and such trust has been shattered because of the recklessness by him when advertising something which was conceived to be a scam from the beginning.

[nelson4lov]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

I think the biggest is the one by Argentina president and Kelsier ventures because after it was rugged, it really served as a wakeup call to everyone in the crypto community about how much damage bad actors can make if they get more control over a network, community or chain.

If you're going to mention trump, just say the Melania launch because Trump's own isn't half as bad.

[shinratensei_]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

trump coin, although currently dumped, I don't think it did as much harm as you imagined, most of the money that goes to trump coin are money coming from degens who also bet on shit coin like those agentic AI coin with zero use case or random meme coin.
so basically when trump coin launched people just rotating their money seeking for better opportunity, as of now, no rug, nothing, just natural price dumping after hype, I don't think it's that bad honestly.

it's different compared to the coin that launched after trump coin though, most of them just plain money grab. on the other hand, the incident with solana ecosystem where insider trading is exposed relating to libra coin, does a lot of harm to solana.

[Mahanton]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

This year is far from over, though, so it would be perfectly possible for us to see more blatant attempts by ill-intentioned people to try to take the money of the community and run away with it, you know.
To me, the most harmful event which have fallen upon the crypto community has been the launch and promotion by Javier Milei of the token/coin called Libra, which was basically and pump and dump scheme managed from the shadows of his administration.
Unfortunately, millions of people had trust on the president and such trust has been shattered because of the recklessness by him when advertising something which was conceived to be a scam from the beginning.

Well, its not something new on which whenever these people do see up that advantage by exploiting out the people or investors then they would really be doing it on which even if it means that they would really be breaking the communities trust but they dont really care at all. We do know that on meme coin market these people will really be having that advantage since they have placed themselves at the bottom. Some people do able to get in on which the same on where these people had placed themselves then they would really be having that advantage since they can be able to get in as early as they could and this is why meme coin investing will really be that like gambling on which if you do able to get in as early as you could and made out some pump then it will really be that making that huge amount of profits but if you have bought on the peak then you would be ending up on losing up that huge amount of your money invested and this is why you should be that looking into. We've seen the worst and it will be continuing because for the sake of money making then there's always that who would really be  that decieving out the community on which they can make millions out of it. For an investor point of view then you should be wise on taking up decisions and its important that you do have that good risks management into the actions that you are making because everything will really be that still that not guaranteeing about success but somewhat if you do know on what you are doing then you do have that at least some advantage.

[Hispo]

... For an investor point of view then you should be wise on taking up decisions and its important that you do have that good risks management into the actions that you are making because everything will really be that still that not guaranteeing about success but somewhat if you do know on what you are doing then you do have that at least some advantage.

That is the most ironic part about all this situations though, we are talking about the president of a nation like Argentina, who has declared his best intentions in order to get the country out of the hole they are trapped in, they had the trust of the people (otherwise, he would have not won the vote back in the presidential elections) an investors who knows how to calculate their risks would have assume that project (Libra) as actually a big deal and had the backing of the president because there was some audit done by him and his team.
This was a scam which was designing specifically to take the money not only off the hands of people who take big risks with memecoins, this was also something aimed to take the money of educated people who calculate their risks and try to be smart with their investments.

That is the most disturbing part of this scam, literally people of all classes and backgrounds fell for it, inside and outside of Argentina.

[CroverNo01]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

I think the biggest is the one by Argentina president and Kelsier ventures because after it was rugged, it really served as a wakeup call to everyone in the crypto community about how much damage bad actors can make if they get more control over a network, community or chain.

If you're going to mention trump, just say the Melania launch because Trump's own isn't half as bad.

What wrong have the common trader committed to be deceives and punished by these celebrities? These whales are not affected with the heavy burning of the tokens incurred into the system by celebrities, talking about people with zero knowledge, just targeting to generate profits from their estimated productivity.

Donald Trump is not the first business mogul to innovate his token into crypto space, there have been heavily mentioned projects that doesn't do well at the end. Do you know what I'm thinking? Trump project is even better and comfortable in the eyes of everyone, unlike other celebrities that will scam their followers of their hard earning money. We just have to be careful next time.

[Ever-young]

I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.

Why vote only for Trump coin launch what happen to the launch of Melenia which was also launched just after Trump coin and they use it to steal hundreds of millions out from the pocket of those who trusted them, but that’s exactly what usually happen when you trust a meme coin.

[FinneysTrueVision]

In terms of reputational damage it would have to be Trump memecoin because it makes all of crypto look scammy. It also inspired other government officials, Trump-connected individuals and world leaders to launch their own tokens, which were pure scams. So much liquidity was extracted through these scams that many altcoins have entered a bear market.

The Bybit hack would be a close contender due to the amount of financial damage done to this exchange. It was the biggest hack ever, going by prices at the time each hack happened.

[nelson4lov]

~Snipped

What wrong have the common trader committed to be deceives and punished by these celebrities? These whales are not affected with the heavy burning of the tokens incurred into the system by celebrities, talking about people with zero knowledge, just targeting to generate profits from their estimated productivity.
...

The kicker is that celebrities don't care about retail similar to how VCs in crypto don't care about retail. All they see is their exit liquidity. Before selling his account, Kanye west exposed most of those celebrities that launched a token and they all used their fans as exit liquidity while later claiming they were hacked.

There is almost no liquidity left in the market. The sooner we realize it, the better. It's almost a dog-eat-dog world now.