Bybit Issues 26 Million USDT Compensation for Deposit Delays
CryptoNewsTerminal Staff17 May, 2024
Bybit Issues 26 Million USDT Compensation for Deposit Delays
Bybit Apologizes for Deposit Delays, Announces Compensation Plan Bybit recently experienced deposit delays on May 16th (local time). The exchange has since apologized for the inconvenience and announced a 26 million USDT compensation plan for affected users. In an official statement, Bybit explained that the delays were caused by an unexpected surge in deposit volume. The exchange has since taken steps to resolve the issue and improve its infrastructure. Affected users will receive compensation in the form of USDT on May 22nd. The amount of compensation will be based on the amount of deposits that were delayed. Bybit is one of the leading cryptocurrency exchanges in the world. The exchange offers a wide range of trading products and services, including spot, futures, and options trading. Bybit is also known for its low fees and fast execution times.
