Many Bybit employees reportedly resigned voluntarily after a technical issue with the Notcoin airdrop.
Bybit is a popular cryptocurrency exchange known for its user-friendly platform and advanced trading features. It offers spot and derivatives trading, supports multiple cryptocurrencies and offers high liquidity and fast transaction speeds. Bybit is also known for its robust security measures and customer support.
The entire crypto community knows very well how the newly launched crypto token “NOT” gained immense popularity in the crypto space.
On May 16, 2024, the Bybit crypto exchange suffered during the Not Coin airdrop distribution. In that technical incident, almost 320,000 Bybit users faced issues and the Bybit team also compensated the users with $23 million in money.
On May 31, 2024, popular Chinese crypto blogger Colin Wu reported that an internal letter to all Bybit employees revealed that several Bybit employees voluntarily resigned and publicly recruited new technical and spot managers.
$No coin and hype
In the middle of this month, NotCoin emerged as a very popular cryptocurrency. This token is an earning game and the token is integrated as a Telegram Mini App.
Later, this token became extremely popular thanks to the support of major crypto exchanges, such as OKX, Bybit and Binance.
Currently, this Ton coin’s Telegram channel has 7.2 million followers and 1.7 million followers on X (formerly Twitter). All these numbers are enough to demonstrate the popularity of this token in less than 30 days.
The current trading price of Not Coin is $0.011 and this trading price is up 153% over the last 7 days.
In the last 24 hours, the trading price of this token fell by 1.9% following news of the technical issue with the Bybit Not Coin airdrop. Although some people call it a common trading price drop due to current market sentiment.
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