News linked to both this project and an event.
: BitMart announced on the X platform that it has decided to appoint Alvarez & Marsal (A&M) as its financial advisor to assist the company and its legal counsel in assessing BitMart's financial condition, stakeholder matters, and orderly withdrawal arrangements, as well as to study potential orderly business restart plans and other proposals put forward by third parties.BitMart stated that it will publish a dedicated user feedback website within 5 business days, and plans to gradually disclose specifics regarding user feedback channels, opinion collection mechanisms, and action plans within 3 weeks. In addition, BitMart will appoint an independent third party in the short term to supervise the company's operations and asset custody during this period.Previously, BitMart had issued an "Announcement on Potential Restructuring and Business Recovery Plans," indicating its intention to gradually resume part of its business operations in phases, with the next update to be released no later than September 9.
According to on-chain detective ZachXBT, several verified WOO X users recently reported that their withdrawals have remained in a "pending" or "processing" state for the past three days. WOO X, which was incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is reportedly linked to BitMart founder Sheldon Xia. Previously, BitMart announced on July 26, 2026, its cessation of operations and restructuring; some users' funds remain inaccessible to date, and related complaints have increased on the X platform. While Sheldon Xia has stated that user assets are secure, this claim has yet to be independently verified. As of now, WooX has not issued any public statement regarding the withdrawal delays.
Odaily News - Echo Base, an institution focused on stable digital asset companies, assisted in forming the BitMart Creditors' Committee on September 2 to represent users holding frozen assets, and has retained legal counsel to evaluate recovery options, including filing for unfunded bankruptcy proceedings.On August 6, Echo Base proposed a funding package of up to $10 million to support BitMart in filing a pre-negotiated bankruptcy application, but received no response from BitMart. Echo Base stated that its actions stem from BitMart's failure to respond to the restructuring proposal and users' withdrawal requests.Sonn Law Group has launched an investigation into users with frozen assets of $500,000 or more on BitMart, assessing potential claims and asset recovery options. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options remain. (Bitcoin.com News)
BitMart announced in a public statement that it is developing a potential restructuring plan as an alternative to a complete shutdown. The plan may include the phased resumption of certain operations under an orderly arrangement and distributions to creditors, but will still require further legal, financial, operational, and regulatory assessments.
Odaily News BitMart has published an announcement regarding a potential restructuring and business recovery plan, stating that after further consultations with users, stakeholders, and professional advisors, BitMart is drafting a potential restructuring proposal as an alternative to a full liquidation. The proposal may include an orderly, phased resumption of certain business operations alongside asset distributions to creditors, with such arrangements still subject to further legal, financial, operational, and compliance assessments. To advance this process, BitMart has appointed White & Case LLP as restructuring legal counsel. White & Case will work with BitMart's other professional advisors to evaluate viable options and assist in developing a potential restructuring plan, including a framework for the phased resumption of operations. A roadmap is currently being developed with the advisory team, with the goal of releasing further updates no later than September 9, 2026.
Odaily News: Sheldon Lee, founder of cryptocurrency exchange BitMart, stated that a post on X claiming users were unable to withdraw funds and that some employees had not received their July salaries is a "fabricated rumor," adding that the exchange's Chinese-language account had been hacked. Critics, including users and on-chain investigator ZachXBT, have demanded that BitMart resume withdrawals or undergo an independent third-party audit. BitMart is gradually winding down operations, with the final trading day set for August 26. Troubled investment firm Echo Base said it had proposed a funded restructuring plan to BitMart but received no response. The firm warned that resolving a large volume of customer claims may require proceedings through the courts. (CoinDesk)
BitMart founder Sheldon stated that, after verification, the official BitMart Chinese account has been hacked, and the relevant content was not published by current employees.
: BitMart founder Sheldon responded on the X platform to rumors about the platform being "out of contact," asset disposal, and internal information leaks, stating that BitMart has not disappeared and that the team is still advancing asset inventory, consolidation, and system maintenance work.Sheldon stated that there has recently been a large amount of unverified rumors in the market, including information and screenshots allegedly disclosed by former or current employees, and users should not easily trust unverified content. At present, the BitMart core team is conducting asset inventory and consolidation, as well as maintaining related systems, with the goal of ensuring the platform can complete subsequent arrangements in an orderly manner. Specific progress will be disclosed to users through official announcements and updates.Regarding fund security issues, Sheldon emphasized that BitMart has not misappropriated assets, nor has it taken measures to withdraw funds in advance or evade responsibility. The team is considering introducing judicial agencies and independent third-party audit institutions to review the relevant situation and publish a transparent report.
According to X user DI (@Start16Start), he previously worked at BitMart and is currently a WEEX employee. After BitMart released the announcement to cease operations, DI posted stating that as someone who was once inside the company, seeing BitMart shut down was "not surprising".
Nenter Chow stated that the orderly cessation of operations announcement released by BitMart on July 26 was not formulated with his involvement; he was not previously informed of the relevant decision and only learned of the news after the announcement was made public. He reminded users to refer only to BitMart's official channels for account-related matters and to follow the guidelines in the official announcement as soon as possible.
according to an official announcement, BitMart Futures will list the SOFIUSDT perpetual contract on July 23, 2026, at 15:00 (UTC+8), supporting up to 20x leverage.
Odaily Odaily, According to official sources, BitMart has launched the "US Stock Earnings Season · Spot Trading Campaign" for spot trading. During the campaign, newly registered users who complete their first designated spot trade will be eligible to participate in the 10,000 USDT prize pool airdrop. Additionally, users who complete spot trading of designated stock tokens worth 50 USDT on the day a corresponding company's earnings report is released can also qualify for a lucky draw, with chances to win rewards including a ChatGPT Pro annual membership, DJI Osmo Pocket kit, and 1 share of SK Hynix stock tokens.Furthermore, the campaign features a daily trading reward mechanism covering popular US stock tokens such as TSLAON, GOOGLON, MSFTON, METAON, AAPLON, AMZNON, and INTCON. Users who complete designated spot trading tasks will receive random airdrops, with prizes including up to 50 USDT rewards, spot trading fee discount coupons, and 30% financial product yield enhancement coupons.
Odaily reports, according to an official announcement, BitMart Contracts will list the CLSKUSDT, WULFUSDT, FASTUSDT, KORUUSDT, MUUUSDT, and SOXSUSDT perpetual contracts on July 16, 2026, at 15:00 (UTC+8), supporting up to 25x leverage!
, According to official sources, BitMart has released its 2026 first-half report. The report indicates that against a backdrop of significant pressure in the cryptocurrency market, BitMart has continued to advance product development, asset expansion, and global compliance layout, demonstrating strong platform resilience.During the reporting period, BitMart's Assets Under Management (AUM) grew approximately 256% quarter-over-quarter, and the average user lock-up period extended nearly fivefold. In terms of trading business, BitMart listed 495 new spot assets, bringing the total number of spot assets to over 1,900. Additionally, it added 492 new perpetual contract trading pairs and 197 new TradFi-related assets, further diversifying the asset classes available to users.Prediction markets, payments, and Web3 became BitMart's new growth engines in the first half of the year. During the reporting period, the cumulative card issuance for BitMart Card reached an all-time high, with transaction volume growing by 300%. The launch of the prediction market also served as a new user gateway, with June trading volume surging over 1,500% month-over-month, further enriching the platform's user engagement scenarios.
according to an official announcement, BitMart Contracts will list FIGUSDT, IONSUSDT, and FRMIUSDT perpetual contracts at 19:00 (UTC+8) on July 14, 2026, supporting up to 20x leverage.
according to official sources, BitMart has officially launched SKHYON spot trading and introduced a first-week trading campaign with a total reward value of up to $100,000. During the event, users who register and complete designated SKHYON spot trading volumes can participate in a stock gift lottery, with a chance to win up to 10 shares of SK Hynix stock tokens. Additionally, users can join a prediction competition for the price change on the first trading day's close; those who guess correctly have the opportunity to win SK Hynix stock token rewards.Furthermore, new users who complete their first deposit and trade can participate in the stock gift event. By completing specific spot trading tasks, they can also earn chances to open mystery boxes and win rewards such as SK Hynix stock tokens. The campaign also includes holding incentives, where users meeting various holding volume and duration requirements can receive benefits such as interest-boosting coupons and VIP experience cards. VIP users who contact their account manager for the first time can also receive exclusive interest-boosting coupon rewards.
Odaily reports, according to an official announcement, BitMart Futures will list VRTUSDT and SNOWUSDT perpetual contracts respectively on July 10, 2026, at 19:00 (UTC+8), supporting up to 25x leverage.
According to an official announcement, BitMart Contracts will list the JNJUSDT perpetual contract on July 10, 2026, at 19:00 (UTC+8).
: According to official sources, BitMart has launched a SK Hynix listing celebration event, running from July 7 to July 17, 2026 (UTC). The total prize pool for the event is 350,000 USDT. Users who register and complete 10 USDT in TradFi contract trading can participate in a lucky draw for a chance to win 1 SK Hynix stock token, 200 USDT, contract bonuses, and other rewards. At the same time, users can also participate in a price fluctuation prediction game on the first day of listing. Five correct predictors will be randomly selected to each receive 1 SK Hynix stock token.Additionally, during the event period, users who complete specified SKHYNIX contract trading tasks can earn scratch card opportunities. Prizes include stock tokens, contract trial funds, and fee rebate vouchers. Those whose cumulative trading volume reaches the corresponding threshold and ranks on the leaderboard can also participate in sharing 45 SK Hynix stock tokens.
according to the official announcement, BitMart Contracts will list OSCRUSDT and ONSTOCKUSDT perpetual contracts at 19:00 (UTC+8) on July 6, 2026.