Bybit implements contingency plans for UAE staff amid Mideast tensions

Cryptocurrency exchange Bybit is individually checking the status and safety of its employees in the UAE and has designated backup managers for key roles, Wu Blockchain reported today. The measures are part of a cross-regional support system designed to prevent work interruptions. According to the report, Bybit has also equipped its office with a power backup system to ensure at least eight hours of continuous operation during emergencies and has postponed all employee relocations to the UAE until further notice. The move comes as Iran launched retaliatory missile strikes against the U.S. and Israel, prompting neighboring countries like the UAE to take emergency measures, including temporarily closing stock markets and halting air travel.