Bybit confirms several executives have changed positions after Notcoin deposit delays

Crypto exchange Bybit has confirmed that several executives have "changed positions" after the failed Notcoin (NOT) issuance resulted in 320,000 users receiving $23 million in compensation. A Bybit spokesperson said: "We are aware of the 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 the customer experience in the future. This improvement has led to changes in some leadership roles, which we believe is essential." Previously, users experienced delays when depositing newly issued Notcoin into Bybit, resulting in losses due to their inability to sell assets immediately. The exchange received 370,000 on-chain transactions; 70% of the deposits were received before the market opened. (Coindesk)