According to CoinDesk, "Notcoin's delayed entry event caused a big shake-up in the Bybit management team." The Bybit cryptocurrency exchange confirmed the report, stating that several executives have been "reassigned" after the failed issuance of Notcoin (NOT) resulted in 3.2 million users receiving $23 million in compensation. A Bybit spokesperson said, "We are aware of recent news regarding changes in our management team. Bybit regularly updates its organizational structure to align with our strategic goals. We are committed to placing the right people in the right positions with our team." The spokesperson added, "We prioritize customer interests and have conducted a thorough internal review to enhance future customer experiences. This improvement has led to changes in some leadership roles, which we believe are essential." On May 16th, users experienced delays when depositing newly issued Notcoin into Bybit, causing them to be unable to immediately sell their assets and resulting in losses. The exchange received 370,000 on-chain transactions, with 70% of deposits credited before market opening.

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