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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 Lee called the relevant allegations "fabricated rumors," but users and on-chain investigators are demanding the exchange resume withdrawals or undergo an independent audit.
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.
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 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 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.