BitMart CEO Calls Accusations Fabricated as Users Report Frozen Withdrawals
BitMart users demand verifiable reserves by August 19 while CEO Sheldon Lee calls the accusations fabricated rumors.
BeInCrypto•Phil Haunhorst17 AugBitMart — page 2
Platform · 55 articlesCoverage, page 2
page 2 of 3BeInCrypto•Phil Haunhorst17 Aug
BitMart founder to report alleged employee claims to police
BitMart's legal actions amid its shutdown highlight potential trust issues in crypto exchanges, affecting user confidence and industry stability.
CryptoBriefing•Editorial Team17 Aug
BitMart account demands founder explain funds status, Xia calls claims ‘fabricated’
BitMart’s Chinese-language X account demanded an Aug. 19 repayment plan, while Sheldon Xia called its claims of blocked withdrawals and non-payment of salaries “fabricated rumors.”
Cointelegraph•Cointelegraph by Yohan Yun17 Aug
BitMart faces Aug. 19 deadline over withdrawals and user funds
BitMart users and employees have demanded that the crypto exchange disclose its reserves, explain reported withdrawal restrictions, and publish a repayment plan by Aug. 19 as questions continue over customer funds and unpaid staff compensation. A public statement posted on…
BitMart CPO resigns as insolvency speculation mounts
The resignation of BitMart executive Terence Lee has stoked suspicion that the soon-to-be-shuttered crypto exchange might be insolvent.
Protos•Jacob Lyon13 Aug
BitMart reserve doubts raise custody concerns: Arch CTO
BitMart’s missing proof-of-reserves report and withdrawal complaints from two crypto projects have raised fresh questions about how customer assets are held during the exchange’s wind-down. BitMart concerns expose verification problem Arch Lending co-founder and CTO Himanshu Sahay said questions about…
Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers
The reduction matches the percentage shed by Coinbase in May, and follows shutdowns at BitMEX and BitMart.
BitMart faces insolvency claim over frozen withdrawals
BitMart is facing a new insolvency allegation after an OpenGradient co-founder said his market-making team could no longer withdraw funds locked on the exchange. Market maker questions BitMart’s solvency Matthew, a co-founder of decentralized AI network OpenGradient, said his market-making…
BitMart founder denies exit scam as withdrawals stall
Two weeks after BitMart promised withdrawals would remain available, users say the exchange is dragging its feet.
Protos•Aaron Wise10 AugA
BitMart founder denies fund misuse allegations as withdrawals accelerate
BitMart’s faster withdrawals show progress, but unpaid obligations and undisclosed liabilities continue testing its wind-down.
AMBCrypto•Muriuki Lazaro9 Aug
BitMart processes 300 ETH withdrawals per hour amid wind-down chaos
BitMart's closure highlights the vulnerability of exchange-dependent tokens and the urgency for users to secure assets amid operational wind-downs.
CryptoBriefing•Editorial Team8 Aug
BitMart gives US users just days to pull crypto before aggressive new compliance checks risk freezing their assets
Covered users must close positions and withdraw by 23:59 UTC, while the wider platform keeps two Aug. 26 clocks.
CryptoSlate•Liam 'Akiba' Wright5 Aug
Luno Staff Cuts Adds Another Red Flag as Crypto Exchange Shutdowns Pile Up
Luno cuts 20% of staff as AscendEX, BitMEX, and BitMart shut down, raising questions about exchange stress.
BeInCrypto•Darryn Pollock30 Jul
Crypto Exchange Shakeout Deepens as BitMEX, BitMart, and AscendEX Exit the Market
Three centralized exchange platforms exiting within weeks have shifted attention away from individual failures as crypto consolidates.
Ethereum Withdrawals From BitMart Surge After Wind-Down Notice
Ethereum withdrawals from BitMart hit a 2026 high as users rush to exit before the exchange's trading wind-down.
BeInCrypto•Phil Haunhorst28 Jul
BitMEX and BitMart may be first casualties of crypto trading slump
CoinDesk•Olivier Acuna28 JulA
Why the BitMEX and BitMart closures won’t mirror the FTX collapse
The closures of BitMEX and BitMart are just part of a broader industry consolidation.
AMBCrypto•Akashnath S28 Jul
BitMEX, BitMart, and More: Are Exchange Shutdowns a Sign the Bear Market Is Ending?
"The next cycle will be dominated by licensed exchanges and institutional capital," one analyst predicted.
BitMart processed just 63 withdrawals after closure announcement
BitMart withdrawals are moving slowly with analysts claiming only 63 were processed in the 24 hours following it's closure announcement.
Protos•Jacob Lyon27 Jul
BitMart’s sudden shutdown triggers withdrawal delays and on-chain panic, echoing the ghosts of 2022
With ETH drained from its wallets, BitMart faces a wave of stuck user withdrawals after abruptly announcing its closure BitMart said it will wind down its trading platform after nine years, abruptly reversing an expansion push that continued into the summer. The exchange stopped accepting new registrations, deposits and orders at 01:30 UTC on July […]
CryptoSlate•Oluwapelumi Adejumo27 Jul