PRESS RELEASE. On December 19, Grimace’s creator staged a New Year’s miracle live, gifting his followers millions of dollars. The MEXC exchange funded this entire giveaway, as they went against Grimace’s user base and listed the token on their futures market without approval.
The Start of It All: The Complete Story of the Dispute
In spring 2023, Grimace emerged as one of the year’s standout crypto projects, quickly gaining fame and enriching its early backers, who were also actively donating to charity. Money was freely given away on the streets, and competitions in poker, chess, Dota 2, Counter-Strike, and even rap battles were held, each with prizes in the tens of thousands of dollars.
Grimace first appeared on MEXC on June 12, 2023. Initially, users appreciated the exchange for its low fees. However, the exchange listed the token on its futures market in October without coordinating with the community. This unauthorized move was a clear manipulation of the project and certai
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