Bybit issued an internal letter offering $3 million in relief to employees harmed by the FTX bankruptcy. Employees who lost more than $50,000 can apply, and employees will receive $1,000 per month for 12 months.
Bybit Hardship Fund recently updated the latest announcement regarding FTX Bankruptcy. In the announcement, the company expressed their sincerest sympathies and sorrow to the millions of customers and employees affected by the FTX incident.
The Bybit Hardship Fund is an emergency fund established to assist employees affected by the FTX issue. This fund will provide 3 million USD, which will be contributed by the company, with the goal of assisting employees who are facing financial difficulties and have saved $50,000 in FTX. Each employee will receive a living allowance of $1000 for up to 12 months.
This is a generous and brilliant way for Bybit to show their appreciation to their employees.
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