AVAV community fights against counterfeiting: MEXC exchange website crashes

On December 23 at 5:20 PM, MEXC announced on its official Twitter that it would airdrop 30 trillion "AVAV1" and trading would start on December 24 at 11:00 AM:

@AVAVCriptions, the portal for #ASC20 token registration and trading is about to land on #MEXCKickstarter#MEXCKickstarter a>…es/17827791512340mexc.com/support/articlhttps:// $AVAV1/USDT trading: December 24 at 11:00 (UTC)

After MEXC's official announcement, it caused a huge uproar in the AVAV community, as community members discovered that the "AVAV" in the announcement was a fake AVAV based on BSC, while it is well known that AVAV is based on ARC20.

"Using our icon, using our name, launched a shitcoin on a BSC chain!"

AVAV community members are also continuously reminding others not to deposit coins to MEXC:

The official AVAV community Twitter also released an announcement:

We have observed that @MEXC_Official recently announced the listing of a token called $AVAV1. We want to clarify that this is not the popular inscription token $AVAV on the AVAX-C public chain. In fact, $AVAV1 is an imitation from the Avascriptions platform, representing a fraudulent project.

$AVAV1 not only copied all of our tweets but also copied our website, creating a phishing site for fraudulent activities.

Even more shocking, the $AVAV1 token is actually deployed on the BEP-20 public chain, with one address holding over 99% of the tokens. This is a highly risky fraudulent project.

We strongly oppose the listing of such tokens on MEXC, as it can easily confuse users and exhibit fraudulent characteristics. We urge MEXC to seriously address this issue. Failing to take necessary action may damage the trust of the exchange's users. We will not list any ASC-20 inscription tokens on MEXC until the $AVAV1 project is delisted.

We remind community members to stay vigilant and avoid any transactions or interactions with such fraudulent projects.

Angry AVAV community members began to counterattack, launching a larger distributed effort, quickly breaching MEXC's servers:

Under pressure from the real AVAV community, MEXC added clarifications:

Currently, the article link in the official Twitter post is still inaccessible:

Recently, MEXC has been embroiled in controversy over randomly freezing user assets, and the listing process has also been chaotic.

A recent MEXC user named Vida claimed to have lost 92,000 USDT without reason.

https://twitter.com/Vida_BWE/status/1738243103138721844

It is generally believed that the core operational work of an exchange is the listing of new assets. When an exchange starts to randomly list new coins, it sends an extremely dangerous signal: there are issues with our new asset audit and risk control.

At the same time, the AVAV community's counterattack also demonstrates a strong community consensus and traffic, forcing MEXC, as an exchange, to also try to leverage this traffic. As community members, Flying Bull will continue to monitor the developments. Currently, MEXC has not delisted this token and has not provided further explanations.