Several executives of Bybit resign because of delayed deposit $Not coin incident

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Reportedly voluntarily many Bybit employees resigned, following Notcoin airdrop technical issue.

Bybit is a popular cryptocurrency exchange known for its user-friendly platform and advanced trading features. It offers spot and derivatives trading, supports multiple cryptocurrencies, and provides high liquidity and fast transaction speeds. Bybit is also recognized for its robust security measures and customer support.

The whole crypto community knows very well how the newly launched crypto token “NOT” grabbed huge popularity across the crypto space.

On 16 May 2024, the Bybit crypto exchange struggled badly during the Not coin airdrop distribution. In that technical incident, nearly 320k Bybit users faced issues and also the Bybit team compensated the users with $23 million funds. 

On 31 May 2024, Popular Chinese crypto blogger Colin Wu reported that an internal letter to all the Bybit employees disclosed that several Bybit employees voluntarily resigned and publicly recruited new technical and spot managers.

$Not coin & Hype

In the middle of this month, NotCoin appeared as a highly popular cryptocurrency. This token is a play-to-earn game and token integrated as a Telegram Mini App. 

Later this token grabbed huge popularity because of listing support by major crypto exchanges e.g. OKX, Bybit, and Binance. 

Currently, this Ton coin’s Telegram channel has 7.2 million followers & 1.7 million followers on X (formerly Twitter). All these figures are enough to show the popularity of this token within less than 30 days. 

The current trade price of Not coin is $0.011 & this trade price is 153% higher over the last 7 days period.

Several executives of Bybit resign because of delayed deposit $Not coin incident 1

In the last 24 hours, the trade price of this token crashed 1.9% following news related to the Bybit Not coin airdrop technical issue. Although some people call it a usual downfall in the trade price because of the current market sentiments.

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