Aiden Labs: Addressing Recent Challenges
April 9, 2025
A Message From Our Team
From all of us at Aiden Labs, we want to quickly explain what we're doing to address the recent price situation and the steps we're taking to move forward.
First and foremost, we want to express our deepest gratitude to all our supporters who continue to stand with us during this challenging time. Your support is healing us and giving us strength to overcome these obstacles.
Understanding What Happened
Our team has been working tirelessly to address the market manipulation that has affected our token price. While we recognize this isn't an easy fix, we want to assure our community that we're fully committed to resolving these issues and continuing to build our products.
Q&A with the Aiden Community (April 7-8, 2025)
Why don't you show proof of manipulation?
If we were to gather definitive proof, we would need to allow the scammers to drain all of our funds. This would make the manipulation more evident but at a catastrophic cost to the project.
Working with a market maker that was announced just 4 days before our TGE to have "pleaded guilty to market manipulation and wire fraud charges after a sting operation led by the FBI" is clearly not in the best interest of our community or project.
Source: Yahoo Finance, April 4, 2025 https://finance.yahoo.com/news/uae-based-crypto-firm-cls-010409998.html
What about the token price? What should users do?
It's entirely your decision whether to hold or sell your tokens. We want to emphasize that we didn't want the price to behave this way either – we are all victims in this situation. Our team continues to build, and we ask the community to please remain calm and support us as we work to overcome these challenges together. We are not quitting – we're facing these problems alongside you.
What about Top Contributors rewards?
We're currently focused on stabilizing the situation. Once things have significantly improved, we will transfer tokens to the winners. We're taking this approach to prepare for and minimize additional sell pressure.
What about Top 3 rewards from Airdrop Season 1?
We haven't received DMs on X from the TOP 3 winners since our Talk Session on Discord. As a result, all $13,500 of these rewards will be allocated to the Aiden Community fund.
What is the deadline for claiming tokens from Airdrop (Season 1 & 10M)?
We haven't set a final deadline yet as we're currently focusing on addressing the immediate challenges. However, we recommend claiming as soon as possible if you can.
Moving Forward
Despite these challenges, Aiden Labs remains committed to building. Here's what we're doing to address the situation:
The CLS scammers were highly sophisticated, monitoring our activities since January to identify when we would be most vulnerable. With our team primarily consisting of developers, it was difficult to anticipate this type of manipulation, but we're learning from this experience.
We're navigating legal challenges in our country, which doesn't have favorable cryptocurrency regulations, while working diligently to submit all necessary documentation to MEXC as quickly as possible.
To stabilize the situation, we're in the process of signing with a new market maker who can help improve our chart and market conditions.
Finding a trustworthy market maker after experiencing fraud is challenging and time-consuming, as we must now be extremely careful about who we can trust.
Special Thanks
We want to express our sincere appreciation to the following IDO launchpads who continue to support us during these difficult times:
Kommunitas
Huostarter
Their belief in our vision and passion, even as we face significant challenges, means everything to us.
Stay Connected
We'll continue to provide updates as we make progress. Thank you for your understanding and continued support.
Best regards,
The Aiden Labs Team
