Cryptocurrency exchange Bybit has announced a compensation plan for users affected by oversubscription during the PUMP token sale on July 12, 2025.
Reasons for Compensation
High demand for the PUMP token during its public sale led to oversubscription, prompting Bybit to introduce compensation for users interested in new tokens.
Details of the Compensation
Bybit, under CEO Ben Zhou, is providing users with a 20 USDT spot trading fee discount voucher, claimable in the 'Welfare Center' of their account. Refunds for unallocated funds are processed within 10 minutes.
Market Impact and Bybit's Reputation
While the direct impact on major cryptocurrencies remains minimal, Bybit aims to maintain user trust and engagement in the market, following industry practices in user compensation.
The introduction of the compensation program reflects Bybit's commitment to user interests and enhancing their reputation amid high service standards in the crypto industry.
