The Notcoin delayed crediting incident has caused turmoil in Bybit's management

ChainCatcher news reports that, according to Wu, Bybit's management has undergone significant turmoil following the delayed crediting incident with Notcoin, with several executives "voluntarily resigning" and openly recruiting new heads of technology and spot trading. Bybit allowed the Notcoin project team to directly airdrop to user addresses, rather than airdropping to a unified exchange address for distribution, resulting in users receiving their tokens late and being unable to sell them immediately. The number of affected users reached 320,000, and Bybit claims to have subsequently provided $23 million in compensation.