Does your client show the percent encoded link, or the Unicode characters?
http://bit.ly/%E2%99%94%E2%99%95%E2%99%96%E2%99%97%E2%99%98%E2%99%99%E2%99%9A%E2%99%9B%E2%99%9C%E2%99%9D%E2%99%9E%E2%99%9F
@Edent @Tusky shows encoded :-\
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