Cryptocurrency exchange Bybit is undergoing a significant internal leadership shakeup following the controversial listing of Notcoin (NOT), which has led to the voluntary resignation of several top executives. The exchange is now openly recruiting new technical and spot managers to fill the void left by the departing executives.

The Notcoin listing incident, which caused a delay in users receiving their airdrop of tokens, resulted in a significantly lower trading price on Bybit compared to other exchanges. This led to widespread criticism and frustration among users, who felt that the exchange had mishandled the listing.

Bybit CEO Ben Zhou acknowledged the issue and promised a compensation plan for affected users, which included a 30 MNT airdrop, a $50 trading bonus, and a three-month VIP +1 upgrade. However, despite this effort to make amends, the incident has led to the resignation of several executives, including high-level managers and department heads.

The Notcoin listing debacle has highlighted the challenges and risks associated with high-volume token launches, and the crypto community will be watching closely to see how Bybit and other exchanges handle similar situations in the future. The incident has also raised questions about the exchange's ability to handle high-pressure situations and its commitment to protecting user interests.

Bybit's decision to openly recruit new leadership is seen as a positive step towards addressing these concerns and rebuilding trust with its users. The exchange is seeking experienced professionals with a proven track record in the cryptocurrency industry to fill key positions, including technical and spot managers.

The leadership shakeup at Bybit comes at a time of rapid growth and expansion in the cryptocurrency industry, and the exchange is under pressure to maintain its competitive edge and reputation. The incident has also sparked a wider debate about the need for greater accountability and transparency in the cryptocurrency exchange sector, and the importance of prioritizing user interests and protection.

As the cryptocurrency market continues to evolve and mature, exchanges like Bybit will be under increasing scrutiny to demonstrate their commitment to user protection, security, and transparency. The Notcoin listing incident and the subsequent leadership shakeup at Bybit serve as a reminder of the risks and challenges associated with the cryptocurrency industry, and the need for exchanges to prioritize user interests and protection above all else.