BitMart Publishes Announcement on Potential Restructuring and Business Recovery Plan

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.