Cryptocurrency alternate Bybit has confirmed stories of an govt reshuffle following problems with the Notcoin launch, which led to $23 million in compensation being distributed to 320,000 customers.
The information, initially reported by Wu Blockchain, indicated that a number of executives had “voluntarily resigned” and that Bybit had employed new technical and spot managers. A Bybit spokesperson informed CoinDesk, “Bybit often updates its organizational construction to align with our strategic objectives. The affected group members usually are not leaving the corporate however have taken up different inside roles.”
Notcoin, a sport primarily based on the Telegram prompt messaging platform, is among the largest cryptocurrency gaming tasks, boasting 35 million customers. Early adopters earned in-game balances that could possibly be transformed to a Notcoin airdrop at a 1000:1 ratio.
On Might 16, customers skilled delays in depositing the newly issued Notcoin to Bybit, leading to monetary losses as they have been unable to promote the asset instantly. Bybit acquired 370,000 on-chain transactions, with 70% of deposits credited earlier than the market went reside.
“We prioritized buyer pursuits and carried out a radical inside evaluate to boost the client expertise for the longer term,” the Bybit spokesperson added. “This enchancment led to some management function adjustments, which we imagine are important.”
Notcoin is presently buying and selling at over $0.0115, greater than doubling from a low of $0.0047 final week, based on CoinMarketCap.
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