News Heat Trend
Project Overview
BitMart is a digital asset trading platform that aims to provide a diversified range of system functions, such as spot trading, futures contract trading, over-the-counter trading, whole-network trading, and decentralized trading, to meet the varied needs of a broad range of investors.
BitMart Launches TradFi Aggregation Page, Unifying Multi-Asset Trading Entry
According to official news, BitMart has recently launched a TradFi aggregation page, consolidating various traditional financial assets such as stocks, indices, precious metals, forex, and commodities onto a single page. Users can now view market data, filter targets, and execute trades all within one interface, eliminating the need to switch between different sections.The page has undergone structural adjustments centered around multi-asset trading scenarios, unifying previously dispersed asset entry points and simplifying the trading path. By optimizing the page layout and operational logic, asset switching and order placement processes have become smoother, thereby enhancing overall trading efficiency to a certain extent.
BitMart to List USD.AI (CHIP)
According to an official announcement, BitMart will list USD.AI (CHIP) at 21:00 (UTC+8) on April 21. The trading pair CHIP/USDT will be available.USD.AI is a permissionless lending protocol providing financing for the AI infrastructure industry. The protocol allows GPU operators to tokenize and collateralize their hardware equipment for quick access to capital. It employs a dual-token model: USDai (a stablecoin over-collateralized by PayPal's PYUSD) and sUSDai (an interest-bearing token with a target annual yield of 10-15%, with returns sourced from GPU-backed loans). CHIP is the governance token, allowing holders to vote on protocol parameters, administrator approvals, and USD.AI Improvement Proposals (UIPs).
BitMart Founder Refutes Withdrawal Blockage and Unpaid Salary Rumors, Exchange to End Trading on August 26
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 Rejects Audit Calls; Users Claim Funds Frozen
BitMart founder Sheldon Lee called the relevant allegations "fabricated rumors," but users and on-chain investigators are demanding the exchange resume withdrawals or undergo an independent audit.
BitMart employees issued a public accountability statement, demanding management respond regarding the whereabouts of assets by August 19.
Multiple BitMart users and employees jointly signed and issued a public accountability statement, demanding that BitMart founder Sheldon and his partner Lee Yi publicly respond to the following issues by August 19: the whereabouts of user assets and verifiable proof of reserves, the decision-making process regarding withdrawal limits, investigations into affiliated accounts and fund flows, payment arrangements for overdue employee salaries and compensation, and a specific, executable user repayment plan. The statement noted that a large number of users are still unable to withdraw assets normally, and some employees have not even received their salaries for the last month or the compensation they are owed. The signatories stated that if a complete and transparent response is not received by August 19, they will submit relevant materials and leads on fund flows to law enforcement agencies, regulatory bodies, and media across various regions, demanding further investigation.
BitMart employees publicly voice five demands, requiring the publication of assets and repayment plan before August 19
Odaily News Employees of the BitMart platform posted on X, publicly addressing BitMart's management and relevant parties in charge, raising five demands concerning platform user assets and employee salaries. These include requiring BitMart to disclose its wallets, assets, liabilities, and available reserves, explain the reasons why users cannot withdraw funds normally, investigate the flow of funds related to user assets, and pay employees' overdue wages and compensation.Additionally, the user demands that BitMart publish an executable user repayment plan before August 19, specifying remaining assets, total liabilities, the user repayment ratio, repayment priority, and timeline, and submit to independent third-party audits.
BitMart Founder Responds to "Out of Contact" Rumors: Neither Disappeared Nor Misappropriated User Assets, Considering Introducing Third-Party Audit
: 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.
BitMart Releases 2026 First Half Report, Continuing to Expand Global Digital Asset Services
, 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.
BitMart Founder Refutes Withdrawal Blockage and Unpaid Salary Rumors, Exchange to End Trading on August 26
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 employees publicly voice five demands, requiring the publication of assets and repayment plan before August 19
Odaily News Employees of the BitMart platform posted on X, publicly addressing BitMart's management and relevant parties in charge, raising five demands concerning platform user assets and employee salaries. These include requiring BitMart to disclose its wallets, assets, liabilities, and available reserves, explain the reasons why users cannot withdraw funds normally, investigate the flow of funds related to user assets, and pay employees' overdue wages and compensation.Additionally, the user demands that BitMart publish an executable user repayment plan before August 19, specifying remaining assets, total liabilities, the user repayment ratio, repayment priority, and timeline, and submit to independent third-party audits.
ARK Invest Analyst: Crypto Industry Enters Largest Consolidation Phase in History
According to Cointelegraph, ARK Invest researcher Lorenzo Valente noted in a post on July 30 that the cryptocurrency industry is entering the largest consolidation phase in history. As investors become increasingly strict in screening projects, revenue is accelerating towards concentration among a few top protocols—Hyperliquid and Pump.fun collectively account for approximately 67% of the industry's application revenue, and with Ethena included, the combined share of the top three approaches 80%. Valente expects this trend to accelerate in the coming months, triggering more M&A, bankruptcies, and project closures. Meanwhile, BitMEX and BitMart recently announced the shutdown of trading services in succession, further confirming the consolidation trend. Valente believes that this round of consolidation is "extremely beneficial" for the long-term development of the crypto industry.
BitMart to End 9 Years of Exchange Operations, BMX Plunges 81% in a Week
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
BitMart Announces Closure, On-Chain Data Shows Withdrawals Stalled for 8 Hours
According to on-chain analysis platform Lookonchain (@lookonchain), BitMart (@BitMartExchange) has announced closure; withdrawal services remain nominally open, but only 58 wallets completed withdrawals in the past 24 hours, totaling approximately $805,000, and the platform has not processed any withdrawal requests in the past 8 hours.
BitMart 宣布将有序停止运营，8 月 26 日停止交易服务
BitMart 将于 2026 年 7 月 26 日 09:30（UTC+8）起停止新用户注册及数字资产、法币充值服务，同时关闭现货新订单，合约账户调整为只减仓模式，并逐步停止跟单、网格、API 等自动化交易功能。
BitMart Founder Refutes Withdrawal Blockage and Unpaid Salary Rumors, Exchange to End Trading on August 26
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: Chinese Official Account Has Been Hacked, Related Content Was Not Published by Current Employees
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 Responds to Withdrawal Difficulties and Unpaid Employee Salaries: Did Not Flee, Currently Conducting Asset Inventory
BitMart Exchange Founder Sheldon posted a statement addressing recent user withdrawal difficulties and unpaid employee salary issues, stating that the core team is still conducting asset inventory, asset consolidation, and system maintenance, and denied any misappropriation of assets, front-running, or exit actions.
BitMart to End 9 Years of Exchange Operations, BMX Plunges 81% in a Week
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
BitMart Founder Refutes Withdrawal Blockage and Unpaid Salary Rumors, Exchange to End Trading on August 26
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: Chinese Official Account Has Been Hacked, Related Content Was Not Published by Current Employees
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 Responds to "Out of Contact" Rumors: Neither Disappeared Nor Misappropriated User Assets, Considering Introducing Third-Party Audit
: 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.
Former BitMart Employees Say Platform Shutdown Was Not Unexpected, Accuse It of Long-Term Wage Arrears and Internal Management Issues
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".
Former BitMart CEO: Did Not Participate in Decision to Cease Platform Operations, Was Removed from Position on July 24
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.
BitMart Futures Stock Zone to List SOFIUSDT
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.
Related news
BitMart Founder Refutes Withdrawal Blockage and Unpaid Salary Rumors, Exchange to End Trading on August 26
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 Rejects Audit Calls; Users Claim Funds Frozen
BitMart founder Sheldon Lee called the relevant allegations "fabricated rumors," but users and on-chain investigators are demanding the exchange resume withdrawals or undergo an independent audit.
BitMart Founder: Chinese Official Account Has Been Hacked, Related Content Was Not Published by Current Employees
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: Will File Police Report and Send Lawyer's Letter Over False Content on X Platform
In response to the public accountability statement previously issued by BitMart employees, BitMart founder Sheldon stated that evidence collection regarding the relevant content on the X platform has been completed, claiming that the relevant content consists entirely of rumors. He will report to the police during US daytime hours and send a lawyer's letter to X, requesting technical and data forensics. He also stated that employee assets are not prioritized over customer assets, everyone is a customer, and there are no privileges.
BitMart employees issued a public accountability statement, demanding management respond regarding the whereabouts of assets by August 19.
Multiple BitMart users and employees jointly signed and issued a public accountability statement, demanding that BitMart founder Sheldon and his partner Lee Yi publicly respond to the following issues by August 19: the whereabouts of user assets and verifiable proof of reserves, the decision-making process regarding withdrawal limits, investigations into affiliated accounts and fund flows, payment arrangements for overdue employee salaries and compensation, and a specific, executable user repayment plan. The statement noted that a large number of users are still unable to withdraw assets normally, and some employees have not even received their salaries for the last month or the compensation they are owed. The signatories stated that if a complete and transparent response is not received by August 19, they will submit relevant materials and leads on fund flows to law enforcement agencies, regulatory bodies, and media across various regions, demanding further investigation.
BitMart employees publicly voice five demands, requiring the publication of assets and repayment plan before August 19
Odaily News Employees of the BitMart platform posted on X, publicly addressing BitMart's management and relevant parties in charge, raising five demands concerning platform user assets and employee salaries. These include requiring BitMart to disclose its wallets, assets, liabilities, and available reserves, explain the reasons why users cannot withdraw funds normally, investigate the flow of funds related to user assets, and pay employees' overdue wages and compensation.Additionally, the user demands that BitMart publish an executable user repayment plan before August 19, specifying remaining assets, total liabilities, the user repayment ratio, repayment priority, and timeline, and submit to independent third-party audits.