Following the Lazarus Group hack earlier this year, ByBit, the cryptocurrency exchange, is back in news for more bad reasons. The exchange has recently fumbled up the airdrop distribution of PAWS tokens, leaving users livid and uncertain.
The cryptocurrency exchange, ByBit, has announced the reversal of the PAWS token’s airdrop on April 15. The exchange plans to redistribute the airdrop due to an internal flaw, which led to unequal distribution among users.
Many users are getting more than the pledged amount, while others are left with empty wallets. As the chaos grows in the market due to the fumble up in the PAWS tokens, the users are projecting their anger on the social media platform X.
Community Reactions Turn Sour Over Official ByBit Announcement on PAWS
One user, Jude Umeano, has recently shared the auto-deduction of his PAWS tokens from his ByBit wallet unannounced. The user quotes,
“ByBit not getting things right lately, they need to re-strategize.”
This is on point as ByBit botches up the airdrop distribution.
Furthermore, a different user has taken a strong stand against ByBit, naming it as a scam. The user also put the PAWS project in the same basket, as a scam.
The user’s shared a screenshot of his wallet recording 6,584 PAWS tokens airdropped and being auto-detected within 24 hours.
In the official announcement, the Cryptocurrency Exchange has mentioned that the PAWS project team has provided a revised eligibility list which includes previously omitted participants.
While this likely brings good news to the participants who were omitted, the number of such participants has not been mentioned, although ByBit has re-emphasized on the ineligible members of the European Economic Regions due to the MiCA regulatory requirements.
PAWS: The New Solana-Based Meme Coin
PAWS Token is one of the newly launched Solana Meme Coins that started as a telegram mini app. Similar to other meme coins born on Telegram, PAWS rewards its users with PAWS points for joining groups, following channels, and inviting friends.
The project quickly switched its network to Solana as Telegram came with new rules to favor its TON network. Currently, the PAWS project holds a self-reported circulating supply of $63.4 billion Out of the maximum supply of 100 billion PAWS tokens.
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