Cryptocurrency exchange Bybit recently replaced a couple of its executives only a few weeks after its Notcoin (NOT) trading discrepancies.<\/p>\n
Bybit Executives Takes Blame For Notcoin Saga<\/strong><\/h2>\nAccording to Wu Blockchain on X, the exchange underwent a large-scale replacement of its top executives.<\/p>\n
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This includes the heads of its spot, derivatives, customer service, and VIP departments amongst others. While the reason for this restructuring remains unknown, Bybit COO Helen claimed that the current leaders\u2019 change is a regular organizational development.<\/p>\n
\nRecently, 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<\/a><\/p>\n\u2014 Wu Blockchain (@WuBlockchain) June 27, 2024<\/a><\/p>\n<\/p>\n<\/blockquote>\n
It is worth noting that a similar trend was seen around May during the Notcoin delayed deposit<\/a> incident. The controversial listing of NOT led to an uneven distribution of airdropped tokens among users. Unfortunately, the incident led to a trading disadvantage for those who received their tokens late. They entered the market with lower buying power than others who had received tokens earlier.<\/p>\nAs a result, several senior executives resigned, taking responsibility for the missteps during the NOT<\/a> listing. Immediately, the exchange began to seek new technical and spot managers to fill these critical roles in other to reinforce its market position and user trust. Therefore, the recent restructuring may be linked to that incident in May.<\/p>\nNOT Coin Fluctuates Sideways<\/strong><\/h2>\n<\/p>\n
Crypto enthusiasts who were affected by the trading discrepancies during the Notcoin debut were offered a compensatory plan. It included a 30 MNT airdrop, a $50 trading bonus, and a three-month upgrade to VIP +1 status. Based on their membership levels, existing VIP users were eligible for a bonus of up to $500.<\/p>\n
This comprehensive compensation package was worth approximately $26 million. It was specifically designed to fix the financial impact on approximately 320,000 users who were affected. The funds were processed promptly within three working days, with confirmation emails dispatched to all affected parties.<\/p>\n
Presently, NOT is soaring and even recently saw a burn of 210 million coins<\/a>. As of June 26, Notcoin experienced a surge in market activity following a bullish trend. It was perceived that the price was recovering after recent market corrections. The token hovered at $0.0157 with a 9% surge<\/a> during the European trading session on Wednesday.<\/p>\n<\/p>\n
At the time of this writing, the coin was trading at $0.01551, up more than 5% down from its market value the previous day.<\/p>\n
Read More: VanEck Files Application For First Solana ETF With US SEC<\/a><\/strong><\/p>\n<\/p>\n
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\nBenjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n\n ![\"\"](\"image\/svg+xml,%3Csvg%20xmlns=\")
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<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n
<!– <\/p>\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<\/a><\/p>\n \u2014 Wu Blockchain (@WuBlockchain) June 27, 2024<\/a><\/p>\n <\/p>\n<\/blockquote>\n It is worth noting that a similar trend was seen around May during the Notcoin delayed deposit<\/a> incident. The controversial listing of NOT led to an uneven distribution of airdropped tokens among users. Unfortunately, the incident led to a trading disadvantage for those who received their tokens late. They entered the market with lower buying power than others who had received tokens earlier.<\/p>\n As a result, several senior executives resigned, taking responsibility for the missteps during the NOT<\/a> listing. Immediately, the exchange began to seek new technical and spot managers to fill these critical roles in other to reinforce its market position and user trust. Therefore, the recent restructuring may be linked to that incident in May.<\/p>\n <\/p>\n Crypto enthusiasts who were affected by the trading discrepancies during the Notcoin debut were offered a compensatory plan. It included a 30 MNT airdrop, a $50 trading bonus, and a three-month upgrade to VIP +1 status. Based on their membership levels, existing VIP users were eligible for a bonus of up to $500.<\/p>\n This comprehensive compensation package was worth approximately $26 million. It was specifically designed to fix the financial impact on approximately 320,000 users who were affected. The funds were processed promptly within three working days, with confirmation emails dispatched to all affected parties.<\/p>\n Presently, NOT is soaring and even recently saw a burn of 210 million coins<\/a>. As of June 26, Notcoin experienced a surge in market activity following a bullish trend. It was perceived that the price was recovering after recent market corrections. The token hovered at $0.0157 with a 9% surge<\/a> during the European trading session on Wednesday.<\/p>\n <\/p>\n At the time of this writing, the coin was trading at $0.01551, up more than 5% down from its market value the previous day.<\/p>\n Read More: VanEck Files Application For First Solana ETF With US SEC<\/a><\/strong><\/p>\n <\/p>\n <!– <\/p>\n –><\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nNOT Coin Fluctuates Sideways<\/strong><\/h2>\n
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