On December 19, the person behind Grimace pulled off what seemed like a New Year’s miracle. Live on stream, they made their followers several million dollars richer. This grand event was unintentionally funded by MEXC, an exchange that decided to list the token on its futures market without the community’s consent.
The Backstory: A Detailed Look at the Dispute
Back in spring 2023, a crypto project named Grimace burst onto the scene and quickly became a big deal. Early supporters who also donated to charity saw their investments grow rapidly. The community was lively, with money being given away and large-scale tournaments in games like poker and chess, and even rap battles, offering hefty cash prizes.
Grimace made its debut on the MEXC exchange on June 12, 2023. At first, users were happy with the low fees it offered. But the atmosphere changed in October when MEXC listed Grimace on its futures market without asking the community. This move was seen as a direct manipulation and was
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