{"investigation":{"slug":"bitmart","entity_name":"BitMart","trust_score":18,"severity_base":null,"score_modifier":0,"confidence":0.78,"status":"draft","content_type":"investigation","summary":"BitMart is a centralized cryptocurrency exchange that operated for nine years before announcing a wind-down on July 26, 2026, citing a nine-year run and the decision to cease operations. On August 21, 2026, the exchange reversed course, announcing it was exploring a restructuring plan with law firm White & Case as an alternative to full closure, while trading halted as scheduled on August 26. The restructuring pivot occurred amid mounting user reports of frozen or throttled withdrawals, allegations of unpaid employee wages, an unreleased proof-of-reserves commitment, and on-chain data showing sharply reduced outflows — patterns that critics have compared to the pre-collapse behavior of failed exchanges in 2022.","sections":[{"content":"BitMart was founded by Sheldon Xia and operated for approximately nine years as a mid-tier centralized cryptocurrency exchange, offering spot and futures trading across thousands of trading pairs. In December 2021, the exchange suffered a significant security breach: hackers stole private keys controlling two hot wallets and drained approximately $196 million in cryptocurrencies — roughly $100 million on Ethereum and $96 million on Binance Smart Chain — in one of the largest centralized-exchange hacks on record. PeckShield, a blockchain security firm, disclosed the breach on December 5, 2021. BitMart initially described the outflows as routine withdrawals before CEO Sheldon Xia publicly confirmed the hack. The exchange pledged to compensate affected users from its own funds. BitMart also issued a native exchange token, BMX, whose primary utility was fee discounts on the platform. As of June 2024, BMX reached an all-time high of approximately $0.619.","heading":"Background and History","sources":[{"url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million","name":"Crypto Exchange BitMart Hacked With Losses Estimated at $196M — CoinDesk","type":"news_article","credibility":1},{"url":"https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack","name":"BitMart CEO Says Stolen Private Key Behind $196M Hack — CoinDesk","type":"news_article","credibility":1},{"url":"https://www.nbcnews.com/tech/security/hackers-take-196-million-crypto-exchange-bitmart-security-firm-says-rcna7713","name":"Hackers take $196 million from crypto exchange Bitmart, security firm says — NBC News","type":"news_article","credibility":1},{"url":"https://decrypt.co/87637/bitmart-compensate-victims-196m-hack-funds","name":"BitMart to Compensate Victims of $196M Hack With Own Funds — Decrypt","type":"news_article","credibility":1}],"severity":"medium"},{"content":"On July 26, 2026 at approximately 01:30 UTC, BitMart announced it would undertake an orderly wind-down after nine years of operation. The exchange immediately halted new user registrations, new deposits, and new trading orders. Under the original plan, all spot and futures trading was set to cease on August 26, 2026, with the platform closing entirely by January 31, 2027. The announcement caused BitMart's native BMX token to collapse between 58% and 70% within 24 hours — with figures varying across sources depending on measurement time — falling to approximately $0.06 to $0.08 and leaving the token roughly 82% below its all-time high. The closure was announced the same week that derivatives exchange BitMEX confirmed it would shut down permanently on September 23, 2026, contributing to coverage of a broader exchange consolidation trend.","heading":"July 2026 Shutdown Announcement","sources":[{"url":"https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58","name":"Crypto exchange BitMart to shut down after nine years, BMX token crashes 58% — CoinDesk","type":"news_article","credibility":1},{"url":"https://www.cryptotimes.io/2026/07/26/bmx-token-crashes-70-as-bitmart-announces-shutdown-days-after-bitmex-exit/","name":"BMX Token Crashes 70% as BitMart Announces Shutdown Days After BitMEX Exit — The Crypto Times","type":"news_article","credibility":2},{"url":"https://bitcoinfoundation.org/news/crypto-exchanges-news/bitmart-leaves-market/","name":"BitMart Shuts Down After 9 Years — Users Face Withdrawal Delays — Bitcoin Foundation","type":"news_article","credibility":2}],"severity":"high"},{"content":"Following the July 26 announcement, users and at least two cryptocurrency projects — OpenGradient and Paxi Network — publicly reported that withdrawals were frozen or significantly delayed. OpenGradient co-founder Matthew stated on August 10 that his market-making team could not pull assets off the platform. Paxi Network posted a public demand on X calling on BitMart to 'immediately release all funds belonging to our users and market makers,' asserting 'these funds do not belong to BitMart.' Scandic Coin reported specific figures of approximately 21,898 USDT, 926,635 SNC tokens, and 256 USDT remaining unprocessed after a withdrawal request submitted on July 26. On-chain analytics firm Lookonchain reported that in one 24-hour window after the shutdown announcement, only 58 wallets withdrew a combined total of approximately $805,000, with a preceding eight-hour period in which zero withdrawals were recorded from BitMart. A separate review using the Onchain Lens tool found no withdrawals above $25,000 in a tracked 24-hour period. Nansen reported that ETH and stablecoin balances in wallets it tracked for the exchange had been transferred out in recent days, leaving those wallets with 'relatively little readily usable liquidity,' with remaining tracked balances increasingly composed of less-liquid tokens. As of August 22, 2026, a review of BitMart's public interface showed only 1,513 of 3,898 coin-network combinations flagged as withdrawable — approximately 38.8% of all listed assets. BitMart acknowledged that withdrawals remained technically available but warned that high volumes and mandatory compliance reviews — including KYC verification, source-of-funds checks, sanctions screening, and wallet-ownership confirmation — could extend processing times. BitMart has not released independently verified reserve figures. The exchange committed in May 2026 to publishing a proof-of-reserves report; as of the August 26 trading halt, that report had not appeared.","heading":"Withdrawal Freeze and On-Chain Liquidity Signals","sources":[{"url":"https://cryptoslate.com/bitmarts-sudden-shutdown-triggers-withdrawal-delays-and-on-chain-panic-echoing-the-ghosts-of-2022/","name":"BitMart's sudden shutdown triggers withdrawal delays and on-chain panic — CryptoSlate","type":"news_article","credibility":2},{"url":"https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/","name":"BitMart faces insolvency claim over frozen withdrawals — Crypto.news","type":"news_article","credibility":2},{"url":"https://cryptoticker.io/en/bitmart-withdrawal-network-check/","name":"BitMart: Withdrawals Already Blocked for Many Coins — CryptoTicker","type":"news_article","credibility":2},{"url":"https://x.com/paxiweb3/status/2081680577678491850","name":"Paxi Network X post demanding fund return — X (Twitter)","type":"social_media","credibility":3},{"url":"https://www.cryptotimes.io/2026/07/29/bitmart-users-face-withdrawal-delays-amid-platform-wind-down/","name":"BitMart Users Face Withdrawal Delays Amid Platform Wind-Down — The Crypto Times","type":"news_article","credibility":2},{"url":"https://www.tftc.io/bitmart-founder-dismisses-audit-proof-of-reserves-blocked-withdrawals","name":"BitMart Founder Dismisses Audit Demands as Users Report Blocked Funds — TFTC","type":"news_article","credibility":2}],"severity":"critical"},{"content":"By mid-August 2026, employees — or individuals claiming to be employees — alleged through BitMart's Chinese-language official X account that July salaries had not been paid and that compensation tied to the shutdown had not been disbursed. The posts publicly named co-founder Sheldon Xia and executive Li Yi, and issued an ultimatum demanding transparent answers on unpaid salaries and user funds by August 19, 2026, or the authors would escalate to regulators and law enforcement globally. Sheldon Xia publicly denied the allegations, characterizing the posts as 'fabricated rumors' and stating that the Chinese-language X account had been 'hacked.' He did not provide reserve figures, repayment timelines, or independent verification. Xia stated that BitMart had 'not run away' and 'will not run away.' The claims of unpaid wages have not been independently verified by a Tier 1 source and should be treated as alleged. No regulatory or law enforcement action related to unpaid wages had been publicly confirmed as of August 26, 2026.","heading":"Employee Wage Allegations and Founder Response","sources":[{"url":"https://www.cryptotimes.io/2026/08/17/bitmart-wind-down-turns-messy-users-staff-issue-august-19-ultimatum-to-team/","name":"BitMart Wind-Down Turns Messy: Users, Staff Issue August 19 Ultimatum — The Crypto Times","type":"news_article","credibility":2},{"url":"https://en.bloomingbit.io/feed/news/118526","name":"BitMart Official X Account Alleges Withdrawal Problems, Unpaid Wages; Founder Calls Posts Fabricated — BloomingBit","type":"news_article","credibility":2},{"url":"https://ground.news/article/bitmart-founder-dismisses-calls-for-audit-as-users-report-blocked-funds-unpaid-employees_9592f3","name":"BitMart Account Demands Founder Explain Funds, Xia Calls Post Fake — Ground News","type":"news_article","credibility":2},{"url":"https://coingape.com/bitmart-demands-founder-disclose-funds-wallets-repayment-plan-by-aug-19/","name":"BitMart Demands Founder Disclose Funds, Wallets & Repayment Plan by Aug 19 — CoinGape","type":"news_article","credibility":2}],"severity":"high"},{"content":"On August 21 or 22, 2026 (sources vary slightly on exact date), BitMart announced it was 'developing a possible restructuring plan as an alternative to a complete wind-down.' The announcement stated that following discussions with community members, stakeholders, and professional advisers, the exchange had retained international law firm White & Case as restructuring counsel. White & Case's role is described as evaluating available options and developing a potential restructuring framework, which could include a phased resumption of certain operations alongside distributions to creditors. The plan remains subject to 'further legal, financial, operational and regulatory assessment.' BitMart stated it would publish a detailed roadmap by September 9, 2026. Crucially, the restructuring announcement did not modify the existing wind-down schedule: trading halted as planned at 01:00 UTC on August 26, and users were asked to submit withdrawal requests before 05:00 UTC the same day — giving users a four-hour window between the trading halt and the request deadline. BitMart warned that requests submitted after 05:00 UTC on August 26 would enter a separate, unspecified process. The appointment of restructuring counsel does not constitute a restructuring agreement, and White & Case's engagement does not carry any legal guarantee of plan implementation or user fund recovery. No court proceedings, formal insolvency filing, or regulatory oversight of the restructuring process had been announced as of August 26, 2026.","heading":"August 2026 Restructuring Pivot and White & Case Engagement","sources":[{"url":"https://cryptoadventure.com/bitmart-explores-restructuring-with-white-case-as-shutdown-deadline-nears/","name":"BitMart Explores Restructuring With White & Case As Shutdown Deadline Nears — CryptoAdventure","type":"news_article","credibility":2},{"url":"https://cryptoticker.io/en/bitmart-restructuring-deadline-august-26/","name":"BitMart Plans Restructuring Instead of Wind-Down: Why the August 26 Deadline Still Stands — CryptoTicker","type":"news_article","credibility":2},{"url":"https://beincrypto.com/bitmart-restructuring-comeback-after-shutdown/","name":"BitMart Reverses Shutdown Decision, What Changed? — BeInCrypto","type":"news_article","credibility":2},{"url":"https://incrypted.com/en/bitmart-changed-its-mind-about-shutting-down-completely/","name":"BitMart Changed Its Mind About Shutting Down Completely — Incrypted","type":"news_article","credibility":2},{"url":"https://www.pymnts.com/cryptocurrency/2026/bitmart-rethinks-shutdown-of-its-crypto-exchange/","name":"BitMart Rethinks Shutdown of Its Crypto Exchange — PYMNTS","type":"news_article","credibility":2},{"url":"https://x.com/BitMartExchange/status/2090781678528803238","name":"BitMart official update on restructuring — X (@BitMartExchange)","type":"official","credibility":2}],"severity":"high"},{"content":"In the 48 hours surrounding the August 26 trading cutoff, users reported that small-balance withdrawals were arriving in negligible amounts or not completing at all. A widely circulated post attributed to X user @lili5726 described arrival amounts for small withdrawals as having shrunk to a level 'that can be ignored' since BitMart floated its restructuring pivot on August 21. The Crypto Times reported that users described small withdrawals as having 'vanished' in the hours before trading halted. BitMart did not publicly address these specific reports as of the trading halt. The claims are sourced primarily from social media and secondary news coverage, and no independent on-chain audit confirming the precise scale of throttling had been published by August 26. The combination of the coin-network withdrawal blockages documented earlier (38.8% accessible as of August 22), the Nansen and Lookonchain data on reduced outflows, and the user reports is consistent with a platform experiencing acute liquidity stress, though it does not independently establish insolvency. BitMart has not released reserves data that would allow outside verification of whether customer assets are covered in full.","heading":"Small-Withdrawal Throttling Reports Around August 26","sources":[{"url":"https://www.cryptotimes.io/2026/08/26/bitmart-users-say-small-withdrawals-have-vanished-hours-before-trading-halts/","name":"BitMart Users Say Small Withdrawals Have 'Vanished' Hours Before Trading Halts — The Crypto Times","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/08/24/bitmart-faces-user-criticism-over-blocked-withdrawals-ahead-of-shutdown/","name":"BitMart Faces User Criticism Over Blocked Withdrawals Ahead of Shutdown — The Crypto Times","type":"news_article","credibility":2},{"url":"https://coinpedia.org/news/bitmart-offers-restructuring-plan-but-users-still-want-answers-on-withdrawals/","name":"BitMart Offers Restructuring Plan, But Users Still Want Answers on Withdrawals — CoinPedia","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Multiple analysts and publications drew comparisons between BitMart's situation and the 2022 collapses of FTX, Voyager Digital, and other centralized exchanges. Incrypted ran a piece under the headline 'FTX Scenario? BitMart Accused of Withdrawal Issues and Insolvency.' CryptoSlate noted the pattern of withdrawal delays and on-chain activity echoing 'the ghosts of 2022.' For context, FTX customers withdrew approximately $7.81 billion — about 37% of customer funds — in a bank run before FTX's bankruptcy filing; Voyager Digital similarly lost roughly 39% of customer funds before collapse. However, several analysts published rebuttals distinguishing BitMart's wind-down from FTX's circumstances. AMBCrypto argued that BitMart and BitMEX's closures should not be characterized as FTX-style collapses because neither exchange announced missing customer assets, law enforcement seizures, or bankruptcy filings, and BitMEX separately assured users its assets exceeded liabilities. As of August 26, 2026, BitMart had filed no bankruptcy or insolvency proceedings, and no regulator had taken enforcement action. The exchange disputes characterizations of insolvency. The absence of proof-of-reserves disclosure, the restricted withdrawal access, and the unreleased reserve commitment introduced in May 2026 mean that independent verification of solvency is not possible with publicly available information as of this writing.","heading":"FTX-Scenario Concerns and Analyst Commentary","sources":[{"url":"https://incrypted.com/en/ftx-scenario-bitmart-accused-of-withdrawal-issues-and-insolvency/","name":"FTX Scenario? BitMart Accused of Withdrawal Issues and Insolvency — Incrypted","type":"news_article","credibility":2},{"url":"https://cryptoslate.com/bitmarts-sudden-shutdown-triggers-withdrawal-delays-and-on-chain-panic-echoing-the-ghosts-of-2022/","name":"BitMart's sudden shutdown triggers withdrawal delays and on-chain panic — CryptoSlate","type":"news_article","credibility":2},{"url":"https://ambcrypto.com/why-the-bitmex-and-bitmart-closures-wont-mirror-the-ftx-collapse/","name":"Why the BitMEX and BitMart closures won't mirror the FTX collapse — AMBCrypto","type":"news_article","credibility":2},{"url":"https://en.cryptonomist.ch/2026/08/10/bitmart-insolvency-claim/","name":"BitMart Insolvency Claim Raises Exchange Shutdown Questions — The Cryptonomist","type":"news_article","credibility":2},{"url":"https://cryptonews.net/news/market/33288064/","name":"BitMart reserve doubts raise custody concerns: Arch CTO — CryptoNews.net","type":"news_article","credibility":2}],"severity":"high"},{"content":"As of August 26, 2026, BitMart's trading services have halted. Withdrawal requests submitted before 05:00 UTC on August 26 are being processed under the exchange's standard wind-down procedure, which includes mandatory compliance and KYC reviews that may extend processing times significantly. Requests submitted after that deadline have been placed into a separate, unspecified process. BitMart has committed to publishing a detailed restructuring roadmap by September 9, 2026, under the guidance of White & Case. Whether a restructuring plan will be implemented, and what recovery rate creditors and depositors might receive, remains unknown. No court-supervised creditor process, formal insolvency filing, or regulatory freeze order had been announced as of the August 26 cutoff. Users with funds on BitMart — particularly those with small balances or those whose assets are in coin-network combinations no longer enabled for withdrawal — face material uncertainty about the timeline and completeness of any recovery. The platform has not specified whether small-balance holders will be treated as creditors, receive proportional distributions, or be prioritized differently from large claimants.","heading":"Current Status of User Funds and Next Steps","sources":[{"url":"https://cryptoticker.io/en/bitmart-restructuring-deadline-august-26/","name":"BitMart Plans Restructuring Instead of Wind-Down: Why the August 26 Deadline Still Stands — CryptoTicker","type":"news_article","credibility":2},{"url":"https://coinpaprika.com/news/bitmart-shutdown-restart-repay-creditors/","name":"BitMart Announced a Shutdown. Weeks Later It May Restart and Repay Creditors — CoinPaprika","type":"news_article","credibility":2},{"url":"https://cryptobriefing.com/bitmart-reverses-shutdown-phased-restart/","name":"BitMart considers partial restart weeks after announcing shutdown — Crypto Briefing","type":"news_article","credibility":2},{"url":"https://finance.yahoo.com/markets/crypto/articles/bitmart-reverses-shutdown-decision-changed-153434174.html","name":"BitMart Reversal and Restructuring Discussion — Yahoo Finance / BeInCrypto","type":"news_article","credibility":1}],"severity":"critical"}],"timeline":[{"date":"2021-12-05","event":"PeckShield disclosed the BitMart hack; approximately $196 million was drained from ETH and BSC hot wallets. BitMart initially denied the breach before CEO Sheldon Xia confirmed it.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million"},{"date":"2026-05-01","event":"BitMart committed to publishing a proof-of-reserves report following earlier withdrawal complaints. The report was never released.","source":"TFTC / CryptoNews.net","source_url":"https://www.tftc.io/bitmart-founder-dismisses-audit-proof-of-reserves-blocked-withdrawals"},{"date":"2026-07-26","event":"BitMart announced an orderly wind-down after nine years of operation. New registrations, deposits, and trading orders halted immediately at approximately 01:30 UTC. BMX token collapsed 58–70% within 24 hours.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58"},{"date":"2026-07-29","event":"Users reported withdrawal delays beginning immediately after the wind-down announcement. Lookonchain data showed only 58 wallets withdrawing approximately $805,000 in one 24-hour period, with an eight-hour window of zero withdrawals.","source":"The Crypto Times / CryptoSlate","source_url":"https://www.cryptotimes.io/2026/07/29/bitmart-users-face-withdrawal-delays-amid-platform-wind-down/"},{"date":"2026-08-10","event":"OpenGradient co-founder Matthew publicly stated his market-making team could not withdraw funds from BitMart. Insolvency claims began circulating. BitMart founder Sheldon Xia stated the exchange had 'not run away' and 'will not run away.'","source":"Crypto.news","source_url":"https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/"},{"date":"2026-08-17","event":"Alleged current or former BitMart employees posted on the exchange's Chinese-language X account demanding Sheldon Xia disclose reserves and repayment plans by August 19, alleging unpaid July wages. Paxi Network publicly demanded return of user and market-maker funds.","source":"The Crypto Times / Paxi Network X","source_url":"https://www.cryptotimes.io/2026/08/17/bitmart-wind-down-turns-messy-users-staff-issue-august-19-ultimatum-to-team/"},{"date":"2026-08-19","event":"Deadline set by alleged employees and users for Sheldon Xia to disclose wallets, assets, and a repayment plan. Xia called the Chinese-language X account posts fabricated and suggested the account was hacked; no reserve disclosure was made.","source":"Ground News / CoinGape","source_url":"https://ground.news/article/bitmart-founder-dismisses-calls-for-audit-as-users-report-blocked-funds-unpaid-employees_9592f3"},{"date":"2026-08-21","event":"BitMart announced it was developing a possible restructuring plan as an alternative to a full wind-down and had retained White & Case as restructuring counsel. A roadmap was promised by September 9. The August 26 trading halt deadline was not modified.","source":"CryptoAdventure / CryptoTicker","source_url":"https://cryptoadventure.com/bitmart-explores-restructuring-with-white-case-as-shutdown-deadline-nears/"},{"date":"2026-08-22","event":"A review of BitMart's public interface showed only 1,513 of 3,898 coin-network combinations (38.8%) flagged as withdrawable. User reports of small withdrawals arriving in negligible amounts began circulating on social media.","source":"CryptoTicker / The Crypto Times","source_url":"https://cryptoticker.io/en/bitmart-withdrawal-network-check/"},{"date":"2026-08-26","event":"BitMart halted all spot, futures, and other trading services at 01:00 UTC. The window for standard withdrawal requests closed at 05:00 UTC. Requests submitted after the deadline were moved to a separate, undefined process. Users with small balances reported withdrawals that had not confirmed.","source":"The Crypto Times","source_url":"https://www.cryptotimes.io/2026/08/26/bitmart-users-say-small-withdrawals-have-vanished-hours-before-trading-halts/"},{"date":"2026-09-09","event":"BitMart's self-imposed deadline for publishing the White & Case restructuring roadmap. Status as of this report: pending.","source":"CryptoTicker / BitMart official X","source_url":"https://cryptoticker.io/en/bitmart-restructuring-deadline-august-26/"}],"sources_used":[{"url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million","name":"Crypto Exchange BitMart Hacked With Losses Estimated at $196M — CoinDesk","type":"news_article","archive_url":"http://web.archive.org/web/20260727232546/https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million","credibility":1,"archive_timestamp":"2026-07-27T23:25:46+00:00"},{"url":"https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack","name":"BitMart CEO Says Stolen Private Key Behind $196M Hack — CoinDesk","type":"news_article","archive_url":"http://web.archive.org/web/20260727232505/https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack","credibility":1,"archive_timestamp":"2026-07-27T23:25:05+00:00"},{"url":"https://www.nbcnews.com/tech/security/hackers-take-196-million-crypto-exchange-bitmart-security-firm-says-rcna7713","name":"Hackers take $196 million from crypto exchange Bitmart — NBC News","type":"news_article","archive_url":"http://web.archive.org/web/20260128014402/https://www.nbcnews.com/tech/security/hackers-take-196-million-crypto-exchange-bitmart-security-firm-says-rcna7713","credibility":1,"archive_timestamp":"2026-01-28T01:44:02+00:00"},{"url":"https://decrypt.co/87637/bitmart-compensate-victims-196m-hack-funds","name":"BitMart to Compensate Victims of $196M Hack With Own Funds — Decrypt","type":"news_article","archive_url":"http://web.archive.org/web/20260730194227/https://decrypt.co/87637/bitmart-compensate-victims-196m-hack-funds","credibility":1,"archive_timestamp":"2026-07-30T19:42:27+00:00"},{"url":"https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58","name":"Crypto exchange BitMart to shut down after nine years, BMX token crashes 58% — CoinDesk","type":"news_article","archive_url":"http://web.archive.org/web/20260807114314/https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58","credibility":1,"archive_timestamp":"2026-08-07T11:43:14+00:00"},{"url":"https://cryptoslate.com/bitmarts-sudden-shutdown-triggers-withdrawal-delays-and-on-chain-panic-echoing-the-ghosts-of-2022/","name":"BitMart's sudden shutdown triggers withdrawal delays and on-chain panic — CryptoSlate","type":"news_article","archive_url":"http://web.archive.org/web/20260817183404/https://cryptoslate.com/bitmarts-sudden-shutdown-triggers-withdrawal-delays-and-on-chain-panic-echoing-the-ghosts-of-2022/","credibility":2,"archive_timestamp":"2026-08-17T18:34:04+00:00"},{"url":"https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/","name":"BitMart faces insolvency claim over frozen withdrawals — Crypto.news","type":"news_article","archive_url":"http://web.archive.org/web/20260818074819/https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/","credibility":2,"archive_timestamp":"2026-08-18T07:48:19+00:00"},{"url":"https://cryptoadventure.com/bitmart-explores-restructuring-with-white-case-as-shutdown-deadline-nears/","name":"BitMart Explores Restructuring With White & Case As Shutdown Deadline Nears — CryptoAdventure","type":"news_article","archive_url":"http://web.archive.org/web/20260830162851/https://cryptoadventure.com/bitmart-explores-restructuring-with-white-case-as-shutdown-deadline-nears/","credibility":2,"archive_timestamp":"2026-08-30T16:28:51+00:00"},{"url":"https://cryptoticker.io/en/bitmart-restructuring-deadline-august-26/","name":"BitMart Plans Restructuring Instead of Wind-Down: Why the August 26 Deadline Still Stands — CryptoTicker","type":"news_article","archive_url":"https://web.archive.org/web/20260829192338/https://cryptoticker.io/en/bitmart-restructuring-deadline-august-26/","credibility":2,"archive_timestamp":"2026-08-29T19:23:38+00:00"},{"url":"https://beincrypto.com/bitmart-restructuring-comeback-after-shutdown/","name":"BitMart Reverses Shutdown Decision, What Changed? 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