{"id":82827,"date":"2024-06-27T15:51:16","date_gmt":"2024-06-27T19:51:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82827"},"modified":"2024-06-27T15:52:23","modified_gmt":"2024-06-27T19:52:23","slug":"bybit-undergoes-major-exec-changes-post-notcoin-saga-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bybit-undergoes-major-exec-changes-post-notcoin-saga-report\/","title":{"rendered":"Bybit Undergoes Major Exec Changes Post Notcoin Saga: Report"},"content":{"rendered":"\n

The spotlight is on Bybit<\/a> with a subtle executive reshuffle as the exchange strives to make up for its Notcoin airdrop slip up.<\/p>\n\n\n\n

\"Bybit<\/figure>\n\n\n\n

Only a few weeks after its Notcoin (NOT) trading discrepancies, Bybit replaced a couple of its executives.<\/p>\n\n\n\n

Bybit Executives Takes Blame For Notcoin Saga<\/h2>\n\n\n\n

The exchange underwent a significant replacement of its top executives, as per Wu Blockchain on X.<\/p>\n\n\n\n

This includes the heads of its customer service, VIP, derivatives, and spot departments, among others.<\/p>\n\n\n\n

While the cause for this restructuring\u00a0is unknown, Bybit COO Helen stated that the present leaders' changes\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> are part of the organization's regular development.<\/p>\n\n\n\n

Recently, Bybit has once again undergone a large-scale replacement of its internal executives. The heads of almost all business departments, including spot, derivatives, customer service, and VIP, have been replaced for unknown reasons. COO Helen responded that the current\u2026
https:\/\/t.co\/qLq5bcTCxG<\/p>\n\n\n\n

\u2014 Wu Blockchain (@WuBlockchain) June 27, 2024<\/p>\n\n\n\n

The Notcoin<\/a> delayed deposit incident in May exhibited a similar trend.<\/p>\n\n\n\n

Meanwhile, the airdropped tokens were distributed unevenly among users as a result of the controversial listing of NOT.<\/p>\n\n\n\n

Regrettably, the incident resulted in a trading disadvantage for those who received their tokens late.<\/p>\n\n\n\n

They entered the market with a lower purchasing power than those who had received tokens earlier.<\/p>\n\n\n\n

Subsequently, several senior executives submitted their resignations, acknowledging their oversights during the NOT listing.<\/p>\n\n\n\n

The exchange promptly initiated the process of recruiting new technical and spot managers to cover these critical positions to fortify its market position and user trust.<\/p>\n\n\n\n

Consequently, the recent restructuring may be associated with the incident in May.<\/p>\n\n\n\n

NOT Coin Fluctuates Sideways<\/h2>\n\n\n\n

Crypto enthusiasts who were affected by the trading discrepancies during the Notcoin launch were provided with a compensatory plan.<\/p>\n\n\n\n

It includes a 30 MNT airdrop, a $50 trade bonus, and a three-month upgrade to VIP +1 level.<\/p>\n\n\n\n

Existing VIP users could receive a bonus of up to $500 based on their membership level.<\/p>\n\n\n\n

This comprehensive compensation package was valued at approximately $26 million.<\/p>\n\n\n\n

It was specifically created to address the financial impact on approximately 320,000 users who were affected.<\/p>\n\n\n\n

The confirmation emails were sent to all affected parties within three working days, and the funds were processed promptly.<\/p>\n\n\n\n

Currently, NOT is experiencing a significant increase in value and has even experienced a recent burn of 210 million coins.<\/p>\n\n\n\n

Following a bullish trend, Notcoin encountered a surge in market activity on June 26.<\/p>\n\n\n\n

After the most recent market corrections, it was believed that the price was on the rise.<\/p>\n\n\n\n

During the European trading session on Wednesday, the token maintained a steady value of $0.0157, experiencing a 9% increase.<\/p>\n\n\n\n

The coin was trading at $0.01551, a significant decrease from its market value the previous day, and was up over 5% at the time of this writing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The spotlight is on Bybit with a subtle executive reshuffle as the exchange strives to make up for its Notcoin airdrop slip up. Only a few weeks after its Notcoin (NOT) trading discrepancies, Bybit replaced a couple of its executives. Bybit Executives Takes Blame For Notcoin Saga The exchange underwent a significant replacement of its top executives, […]<\/p>\n","protected":false},"author":56,"featured_media":82837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[662,1406,19507],"class_list":["post-82827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bybit","tag-crypto-exchange","tag-notcoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Bybit-Undergoes-Major-Exec-Changes-Post-Notcoin-Saga.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82827"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82837"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}