According to ChainCatcher, Wu said that after opening registration for Chinese users, Bybit is launching a plan to relocate all employees to Malaysia and Dubai, and is considering closing offices in Shanghai, Shenzhen and other places in China. Currently, most technical employees are located in China, and employees who are unwilling to leave may be laid off and compensated.
Analysts pointed out that after opening Chinese users, domestic employees will undoubtedly bear greater risks. Bybit's move is a routine operation. Previously, other exchanges and cryptocurrency institutions also required all employees to move to overseas collective offices or layoffs.