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Bybit confirms several executives have changed positions after Notcoin deposit delays
2024-05-31 13:07:59
Odaily News Crypto exchange Bybit has confirmed that several executives have "changed positions" after the failed issuance of Notcoin (NOT) resulted in 320,000 users receiving $23 million in compensation. A Bybit spokesperson said: "We are aware of recent news about executive changes. Bybit regularly updates its organizational structure to align with our strategic goals. We share a commitment with the team to put the right people in the right positions. Bybit prioritizes customer interests and has conducted a thorough internal review to enhance future customer experience. This improvement has led to changes in some leadership roles, which we believe is essential." Earlier news, users encountered delays when depositing newly issued Notcoin into Bybit, resulting in their inability to sell assets immediately and causing losses. The exchange received 370,000 on-chain transactions; 70% of the deposits were received before the market opened. (Coindesk)