Reports from Wu Shuo, Bybit has experienced a major upheaval in its management team following the delayed deposit incident with Notcoin. Multiple executives have "voluntarily resigned" and the company has publicly recruited new technical and spot managers. Bybit allowed the Notcoin project to airdrop tokens directly to user addresses instead of distributing them to a centralized exchange address for further distribution. This caused a delay in users receiving their tokens and prevented them from selling them immediately. The number of affected users reached 320,000 and Bybit claims to have provided $23 million in compensation.

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