Bybit’s highly anticipated Paws Airdrop turned right on a confused turn when Solana-based Meme Coin was in that cuspFICIAL will be released on April 16th, 2025.
Originally intended to reward early community engagement from Virus Telegraph Mini Up users, Airdrop has instead caused confusion across crypto forums and social platforms, with users reporting highly inconsistent allocations.
Bibit’s controversial Paws Airdrop: Everything you need to know
On Tuesday, April 15th, some Buybit users surfaced that they received PAWS tokens in their Unified Trading Account (UTA) or Spot Accounts before the list. However, many pointed out serious irregularities.
Several users claimed they received 2-5 times the expected allocation. Meanwhile, others did not find a token in their account despite meeting all eligibility criteria.
Today, Wednesday, April 16th, Bybit replied. The exchange announced a reversal of all PAWS airdrop allocations due to errors in the distribution process.
“All previous $PAWS token distributions conducted on April 15th will be reversed according to the updated list,” Bybit said in its blog.
The exchange assured the user that the token was not lost, but was reassigned through a revised fair process.
“A new round of airdrops are currently being run based on final qualification data provided by the PAWS team,” added Exchange.
However, this reversal meant that many users had temporarily vanished their balance, prompting new concerns.
“This Paws Airdrop looks interesting now. I heard they removed the overnight allocation from Bybit users’ wallets. In the meantime, they haven’t yet received their assignments on Bitget and Bybit.
Part of the confusion appears to be linked to the eligibility restrictions imposed by European regulations. Bybit has repeatedly said that European Economic Area (EEA) users have been excluded from air drops. The exchange cited compliance with regulations by MICA, the EU market for crypto assets.
“Users based in the European Economic Area (EEA) remain unqualified for this campaign due to MICA regulatory requirements. We recommend checking directly with the $PAWS community for alternatives to Bybit expressed in X (Twitter).”
This may have contributed to the contradiction as it reportedly recalls tokens sent to restricted jurisdictions.
“If you get Paws Airdrop today with Bibit, there’s now an automatic deduction (deletion) to redistribute it again to everyone. I think there was an issue where I got x2 to x5 from x2 to x2 in the first allocation,” another user commented.
Nevertheless, Bybit Exchange asked users to stay calm and promised to restore the correct allocation before the Paws/USDT trading pair went live.
PAWS Airdrop Mechanics and Assignments
Paws Airdrop was one of the widest community distributions to date. Approximately 62.5 billion tokens, which account for 62.5% of the total supply, were reserved for users.
Qualifications Includes early adopters of Telegram Mini-App. The owners of popular Solana assets such as Mad Lads NFTS and meme coins such as Bonk and WIF are also featured. Participants in campaigns that include referrals and social tasks were also included.
To request the token, the user was required to submit a BIDIBIT UID and Solana wallet address via the official PAWS claims site. More importantly, we had to complete KYC by mid-March.
Deposits via the Solana Network began on March 13th, but many users reported that their wallets were not worth the tokens until after the official list.
Frustration has been raised as users tackled X (formerly Twitter) and tackled the airy complaints. Some joked about the situation turning into the meme itself. Meanwhile, others accused Bibit of misleading the drop.
“This was very amateurish and even the worst telegram airdrops didn’t mess up like this,” lamented one user.
The popularity of the project has also become a major target for scammers, prompting security warnings from both the Bybit and PAWS teams.
Amid this uncertainty, Bybit reminded users to check their status through official channels, warning them against phishing attempts.
In a recent development, PAWS Labs announced that central exchange billing is accurate and instructed users to check the spot balance.
“Everything is on track for the upcoming PAWS list thanks to CEXS, which ensured smooth airdrop delivery and supported the listing process,” Paws Labs announced.
Users predicted the impact related to the list of tokens and PAWS prices.
