Audit log

Every state-changing event for Sheldon Xia: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-09-13 17:30:02Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 446,760,336

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   2DQFerALkPyo…XNjiqUtScopyexplorer ↗

   hash

   AA4pdoz2dxMj…g26kK3Sqcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (24310 B) ▸

   {"actor":"system:backfill","investigation_id":"2e7ed54e-8982-41cd-9821-24b0ef75aeda","kind":"publish","page_slug":"sheldon-xia","published_at":"2026-09-13T17:30:02.121Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Sheldon Xia","sections":[{"content":"Sheldon Xia holds a B.S. in Computer Science from Hangzhou University of Electronic Science and Technology and an M.S. in Computer Science from Stevens Institute of Technology (2015–2017). He first encountered Bitcoin as a college sophomore in 2013 and describes himself as one of the earliest cryptocurrency trading participants in the Chinese market. That year he launched DSCoin and was involved in operating the dscoin.org exchange. After completing his master's degree he worked briefly as a software engineer at Dasouche, an automotive-finance platform, before founding BitMart in 2017. In 2021 he co-founded Cipholio Ventures (formerly BitMart Labs), a research-driven crypto investment fund focused on DeFi, GameFi, and Web3 projects, where he serves as a Founding Partner. In April 2025, Xia transitioned from CEO to Group President of BitMart, with Nenter (Nathan) Chow appointed Global CEO.","heading":"Background and Career","severity":"low","sources":[{"credibility":2,"name":"Sheldon Xia – Founder & CEO @ BitMart (Crunchbase)","type":"other","url":"https://www.crunchbase.com/person/sheldon-xia"},{"credibility":2,"name":"BitMart Announces Leadership Transition: Sheldon Xia to Group President (GlobeNewswire)","type":"official","url":"https://www.globenewswire.com/news-release/2025/04/23/3066786/0/en/BitMart-Announces-Leadership-Transition-Sheldon-Xia-to-Group-President-Nenter-Chow-Appointed-Global-CEO.html"},{"credibility":3,"name":"WuBlockchain interview with BitMart founder Sheldon Xia (Medium/BitMart Exchange)","type":"other","url":"https://bitmart-exchange.medium.com/%E5%90%B4%E8%AF%B4%E5%AF%B9%E8%AF%9D-bitmart-%E5%88%9B%E5%A7%8B%E4%BA%BAsheldon-%E5%A4%A7%E4%BA%8C%E6%8E%A5%E8%A7%A6%E6%AF%94%E7%89%B9%E5%B8%81-7-%E5%B9%B4%E5%88%9B%E4%B8%9A%E5%8E%86%E7%A8%8B-%E8%AF%A6%E8%B0%88%E7%BE%8E%E5%9B%BD%E7%9B%91%E7%AE%A1%E5%BD%B1%E5%93%8D-956219f0a6fc"}]},{"content":"On December 4, 2021, security firm PeckShield identified a large outflow from BitMart's Ethereum and Binance Smart Chain hot wallets. PeckShield estimated total losses at approximately $196 million ($100 million on Ethereum, $96 million on BSC); BitMart's initial communications cited approximately $150 million. Xia confirmed the breach in a public statement the following day, attributing it to a stolen private key. He pledged that BitMart would compensate all affected users 'out of its own pocket' and announced a target of resuming deposits and withdrawals by December 7, 2021. The hack was widely covered by major outlets including CoinDesk, CNBC, CNN, and NBC News. By January 2022, multiple reports — including a CNBC investigation — found that affected users had still not received reimbursement. Users contacting BitMart received automated responses indicating the exchange and its attorneys were 'working on it.' No public accounting of how much, if any, of the promised compensation was ultimately paid has been independently verified.","heading":"December 2021 BitMart Hot-Wallet Hack","severity":"high","sources":[{"credibility":1,"name":"Crypto Exchange BitMart Hacked With Losses Estimated at $196M (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million"},{"credibility":1,"name":"BitMart CEO Says Stolen Private Key Behind $196M Hack (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack"},{"credibility":1,"name":"BitMart says it will compensate victims of $196 million hack (CNBC)","type":"news_article","url":"https://www.cnbc.com/2021/12/05/hackers-take-196-million-from-crypto-exchange-bitmart-in-large-breach.html"},{"credibility":1,"name":"BitMart crypto hack: Victims complain they haven't been paid (CNBC)","type":"news_article","url":"https://www.cnbc.com/2022/01/07/cryptocurrency-theft-bitmart-still-owes-victims-of-200-million-hack.html"},{"credibility":1,"name":"Bitmart hackers take over $150 million in Ethereum and BSC (CNN Business)","type":"news_article","url":"https://www.cnn.com/2021/12/06/tech/bitmart-ethereum-bsc-hack"}]},{"content":"In 2022 the U.S. Federal Trade Commission opened what was reported as its first known crypto-related probe, investigating BitMart's handling of the December 2021 hack. The FTC's inquiry examined whether BitMart's operators engaged in unfair or deceptive acts or practices in connection with their marketing, data security representations, and handling of customer complaints. The agency issued civil subpoenas and BitMart sought to limit document production; that bid was denied by a court in 2022. According to available reporting, the FTC's case was ultimately dismissed in 2023. No court ruled on the merits of the underlying allegations, and no formal enforcement action against Xia personally was announced. The investigation was directed at BitMart's operating entities rather than Xia individually.","heading":"FTC Investigation (2022–2023)","severity":"medium","sources":[{"credibility":1,"name":"FTC Probes BitMart After $200M Theft at Crypto Exchange (Bloomberg Law)","type":"news_article","url":"https://news.bloomberglaw.com/privacy-and-data-security/ftc-probes-bitmart-exchange-breach-marking-first-crypto-case"},{"credibility":2,"name":"BitMart loses bid to limit FTC probe of deceptive/unlawful acts (CoinGeek)","type":"news_article","url":"https://coingeek.com/bitmart-loses-bid-to-limit-ftc-probe-of-deceptive-unlawful-acts/"},{"credibility":2,"name":"FTC Probe Into $200M BitMart Hack Continues, Doc Block Denied (Blockworks)","type":"news_article","url":"https://blockworks.co/news/ftc-probe-into-200m-bitmart-hack-continues-after-doc-block-denied"},{"credibility":2,"name":"FTC Investigates BitMart Over Handling of 2021 Hack (BeInCrypto)","type":"news_article","url":"https://beincrypto.com/ftc-investigates-bitmart-over-handling-of-2021-hack/"}]},{"content":"On July 26, 2026, BitMart announced it would wind down operations, citing 'a careful evaluation of the Company's operating conditions, market environment, and future strategic direction.' The announcement was notable for the circumstances surrounding it: then-Global CEO Nathan Chow stated publicly that he learned of his termination on July 24 and was not consulted about or involved in the wind-down decision. Trading was set to end August 26, with full platform operations ceasing January 31, 2027. Following the announcement, numerous users reported inability to withdraw funds. On-chain data cited by CryptoTimes showed that in the first 24 hours after the August 26 trading halt, only 58 wallets withdrew approximately $805,000 — a figure described as a negligible fraction of the amounts reportedly held on the platform. At least one company (a Hungarian firm) filed a police complaint over approximately $80,000 in frozen assets; an OpenGradient co-founder alleged that his market-making team could not withdraw locked funds, and claimed BitMart had been soliciting additional liquidity from token holders shortly before halting related services. Employees also reported not receiving July 2026 salaries. BitMart's Chinese-language X account issued a public ultimatum on August 17 demanding that Xia disclose asset status, wallet addresses, and a repayment plan by August 19, threatening to submit evidence to regulators and law enforcement worldwide. Xia responded within hours, characterizing the demands as 'fabricated rumors' and claiming the exchange's Chinese account had been hacked. He denied fleeing, misappropriating assets, or making early withdrawals, and stated the core team was conducting an asset inventory. These claims have not been independently verified. BitMart had publicly committed to publishing a proof-of-reserves report in May 2026 but had not done so as of the shutdown. According to Arkham Intelligence data cited in reporting, wallets attributed to BitMart held approximately $36.5 million in crypto assets as of mid-August, down from roughly $71 million on July 26 and approximately $102 million on July 6. In late August 2026, BitMart hired law firm White & Case as restructuring counsel and indicated it was exploring options including a phased restart and creditor distributions as alternatives to a complete wind-down. A restructuring roadmap was promised by September 9, 2026. As of September 1, 2026, BitMart's official channels had issued no substantive operational update, and users continued reporting unresolved withdrawal requests.","heading":"BitMart Shutdown (July 2026) and Frozen Withdrawals","severity":"critical","sources":[{"credibility":2,"name":"BitMart to Wind Down Exchange, With CEO Saying He Was Not Consulted (Blockhead)","type":"news_article","url":"https://www.blockhead.co/2026/07/27/bitmart-to-wind-down-exchange-with-ceo-saying-he-was-not-consulted/"},{"credibility":2,"name":"BitMart Founder Dismisses Audit Demands as Users Report Blocked Funds (TFTC)","type":"news_article","url":"https://www.tftc.io/bitmart-founder-dismisses-audit-proof-of-reserves-blocked-withdrawals"},{"credibility":2,"name":"BitMart Exchange Shutdown Faces User, Staff Ultimatum (Cryptonomist)","type":"news_article","url":"https://en.cryptonomist.ch/2026/08/18/bitmart-exchange-shutdown-2/"},{"credibility":2,"name":"BitMart Demands Founder Disclose Funds, Wallets & Repayment Plan by Aug 19 (CoinGape)","type":"news_article","url":"https://coingape.com/bitmart-demands-founder-disclose-funds-wallets-repayment-plan-by-aug-19/"},{"credibility":2,"name":"BitMart faces insolvency claim over frozen withdrawals (Crypto.news)","type":"news_article","url":"https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/"},{"credibility":2,"name":"BitMart Users Still Report Frozen Crypto Withdrawals (CryptoTimes)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/01/bitmart-users-still-report-frozen-crypto-withdrawals-while-exchange-remains-silent/"},{"credibility":1,"name":"BitMart weighs partial restart, creditor payouts weeks after shutdown (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2026/08/22/crypto-exchange-bitmart-weighs-partial-restart-and-creditor-payouts-weeks-after-announcing-shutdown"},{"credibility":2,"name":"BitMart's Controversial Shutdown Raises Concerns for Users and Employees (Value The Markets)","type":"news_article","url":"https://www.valuethemarkets.com/cryptocurrency/news/bitmarts-controversial-shutdown-raises-concerns-for-users-and-employees"},{"credibility":2,"name":"BitMart shutdown fuels confusion as founder says he will not run away (Digital Today)","type":"news_article","url":"https://www.digitaltoday.co.kr/en/view/91311/bitmart-shutdown-confusion-spreads-founder-says-he-will-not-run-away"}]},{"content":"As of the date of this investigation (September 2026), several material questions remain unresolved. First, it is not publicly established whether BitMart's user balances will be treated as customer deposits with priority recovery or reclassified as unsecured creditor claims in a restructuring proceeding — a distinction with significant practical implications for affected users. Second, Xia has not publicly disclosed wallet addresses, aggregate user liability figures, or a verified reserve balance, despite public demands for such disclosure. Third, the status of any compensation owed to users from the December 2021 hack who were not previously made whole is unknown. Fourth, the nature and outcome of any law enforcement complaints filed by Xia regarding the alleged account compromise of BitMart's Chinese-language social media account have not been publicly reported. No criminal charges, regulatory enforcement actions, or civil judgments against Xia personally have been announced as of this writing. All allegations of misappropriation remain unproven; Xia has denied them categorically.","heading":"Current Status and Outstanding Questions","severity":"high","sources":[{"credibility":2,"name":"Deadline Tomorrow On BitMart's Restructuring Plan (NullTX)","type":"news_article","url":"https://nulltx.com/deadline-tomorrow-on-bitmarts-restructuring-plan-will-users-ever-see-their-money-again"},{"credibility":2,"name":"BitMart Hires White & Case to Explore Restructuring (EdgeX)","type":"news_article","url":"https://pro.edgex.exchange/en-US/news/article/bitmart-restructuring-revive-exchange-services"}]}],"sources_used":[{"credibility":1,"name":"Crypto Exchange BitMart Hacked With Losses Estimated at $196M (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million"},{"credibility":1,"name":"BitMart CEO Says Stolen Private Key Behind $196M Hack (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack"},{"credibility":1,"name":"BitMart says it will compensate victims of $196 million hack (CNBC)","type":"news_article","url":"https://www.cnbc.com/2021/12/05/hackers-take-196-million-from-crypto-exchange-bitmart-in-large-breach.html"},{"credibility":1,"name":"BitMart crypto hack: Victims complain they haven't been paid (CNBC)","type":"news_article","url":"https://www.cnbc.com/2022/01/07/cryptocurrency-theft-bitmart-still-owes-victims-of-200-million-hack.html"},{"credibility":1,"name":"Bitmart hackers take over $150 million in Ethereum and BSC (CNN Business)","type":"news_article","url":"https://www.cnn.com/2021/12/06/tech/bitmart-ethereum-bsc-hack"},{"credibility":1,"name":"FTC Probes BitMart After $200M Theft at Crypto Exchange (Bloomberg Law)","type":"news_article","url":"https://news.bloomberglaw.com/privacy-and-data-security/ftc-probes-bitmart-exchange-breach-marking-first-crypto-case"},{"credibility":2,"name":"BitMart loses bid to limit FTC probe of deceptive/unlawful acts (CoinGeek)","type":"news_article","url":"https://coingeek.com/bitmart-loses-bid-to-limit-ftc-probe-of-deceptive-unlawful-acts/"},{"credibility":2,"name":"FTC Probe Into $200M BitMart Hack Continues, Doc Block Denied (Blockworks)","type":"news_article","url":"https://blockworks.co/news/ftc-probe-into-200m-bitmart-hack-continues-after-doc-block-denied"},{"credibility":2,"name":"FTC Investigates BitMart Over Handling of 2021 Hack (BeInCrypto)","type":"news_article","url":"https://beincrypto.com/ftc-investigates-bitmart-over-handling-of-2021-hack/"},{"credibility":2,"name":"BitMart Announces Leadership Transition (GlobeNewswire)","type":"official","url":"https://www.globenewswire.com/news-release/2025/04/23/3066786/0/en/BitMart-Announces-Leadership-Transition-Sheldon-Xia-to-Group-President-Nenter-Chow-Appointed-Global-CEO.html"},{"credibility":2,"name":"BitMart to Wind Down Exchange, With CEO Saying He Was Not Consulted (Blockhead)","type":"news_article","url":"https://www.blockhead.co/2026/07/27/bitmart-to-wind-down-exchange-with-ceo-saying-he-was-not-consulted/"},{"credibility":2,"name":"BitMart Founder Dismisses Audit Demands as Users Report Blocked Funds (TFTC)","type":"news_article","url":"https://www.tftc.io/bitmart-founder-dismisses-audit-proof-of-reserves-blocked-withdrawals"},{"credibility":2,"name":"BitMart Exchange Shutdown Faces User, Staff Ultimatum (Cryptonomist)","type":"news_article","url":"https://en.cryptonomist.ch/2026/08/18/bitmart-exchange-shutdown-2/"},{"credibility":2,"name":"BitMart Demands Founder Disclose Funds, Wallets & Repayment Plan by Aug 19 (CoinGape)","type":"news_article","url":"https://coingape.com/bitmart-demands-founder-disclose-funds-wallets-repayment-plan-by-aug-19/"},{"credibility":2,"name":"BitMart faces insolvency claim over frozen withdrawals (Crypto.news)","type":"news_article","url":"https://crypto.news/bitmart-faces-insolvency-claim-over-frozen-withdrawals/"},{"credibility":2,"name":"BitMart Users Still Report Frozen Crypto Withdrawals (CryptoTimes)","type":"news_article","url":"https://www.cryptotimes.io/2026/09/01/bitmart-users-still-report-frozen-crypto-withdrawals-while-exchange-remains-silent/"},{"credibility":1,"name":"BitMart weighs partial restart, creditor payouts weeks after shutdown (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2026/08/22/crypto-exchange-bitmart-weighs-partial-restart-and-creditor-payouts-weeks-after-announcing-shutdown"},{"credibility":2,"name":"BitMart's Controversial Shutdown Raises Concerns for Users and Employees (Value The Markets)","type":"news_article","url":"https://www.valuethemarkets.com/cryptocurrency/news/bitmarts-controversial-shutdown-raises-concerns-for-users-and-employees"},{"credibility":2,"name":"BitMart shutdown fuels confusion as founder says he will not run away (Digital Today)","type":"news_article","url":"https://www.digitaltoday.co.kr/en/view/91311/bitmart-shutdown-confusion-spreads-founder-says-he-will-not-run-away"},{"credibility":2,"name":"Sheldon Xia – Founder & CEO @ BitMart (Crunchbase)","type":"other","url":"https://www.crunchbase.com/person/sheldon-xia"}],"summary":"Sheldon Xia is the founder of BitMart, a cryptocurrency exchange he launched in 2017 and led as CEO until April 2025, when he assumed the role of Group President. BitMart suffered a $196 million hot-wallet hack in December 2021; Xia publicly pledged full compensation from company funds but victims reported they had not been repaid as of early 2022. In July 2026 BitMart announced it would shut down, and the closure has been accompanied by reports of frozen user withdrawals, unpaid employee wages, and demands for reserve disclosures that Xia has disputed as based on fabricated information.","timeline":[{"date":"2013-01-01","event":"Sheldon Xia encounters Bitcoin as a college sophomore and launches DSCoin, participating in early Chinese cryptocurrency trading.","source":"WuBlockchain/BitMart Medium interview","source_url":"https://bitmart-exchange.medium.com/%E5%90%B4%E8%AF%B4%E5%AF%B9%E8%AF%9D-bitmart-%E5%88%9B%E5%A7%8B%E4%BA%BAsheldon-%E5%A4%A7%E4%BA%8C%E6%8E%A5%E8%A7%A6%E6%AF%94%E7%89%B9%E5%B8%81-7-%E5%B9%B4%E5%88%9B%E4%B8%9A%E5%8E%86%E7%A8%8B-%E8%AF%A6%E8%B0%88%E7%BE%8E%E5%9B%BD%E7%9B%91%E7%AE%A1%E5%BD%B1%E5%93%8D-956219f0a6fc"},{"date":"2015-01-01","event":"Xia begins M.S. in Computer Science at Stevens Institute of Technology; graduates 2017.","source":"Crunchbase profile","source_url":"https://www.crunchbase.com/person/sheldon-xia"},{"date":"2017-01-01","event":"Xia founds BitMart cryptocurrency exchange.","source":"Crunchbase profile","source_url":"https://www.crunchbase.com/person/sheldon-xia"},{"date":"2021-07-01","event":"BitMart establishes Cipholio Ventures (rebranded from BitMart Labs); Xia serves as Founding Partner.","source":"Cipholio Ventures – Crunchbase","source_url":"https://www.crunchbase.com/organization/cipholio-ventures"},{"date":"2021-12-04","event":"BitMart suffers a hot-wallet security breach. Security firm PeckShield estimates losses at approximately $196 million across Ethereum and Binance Smart Chain hot wallets.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2021/12/05/crypto-exchange-bitmart-hacked-with-losses-estimated-at-196-million"},{"date":"2021-12-05","event":"Xia confirms the hack, attributes it to a stolen private key, and pledges BitMart will compensate all affected users from company funds.","source":"CoinDesk / CNBC","source_url":"https://www.coindesk.com/tech/2021/12/06/bitmart-ceo-says-stolen-private-key-behind-196m-hack"},{"date":"2022-01-07","event":"CNBC reports that hack victims have still not received compensation from BitMart more than a month after the breach, despite the public pledge.","source":"CNBC","source_url":"https://www.cnbc.com/2022/01/07/cryptocurrency-theft-bitmart-still-owes-victims-of-200-million-hack.html"},{"date":"2022-08-01","event":"FTC denies BitMart's petition to block civil subpoenas, confirming the agency's probe is the first known FTC investigation into a crypto exchange.","source":"Blockworks / Bloomberg Law","source_url":"https://blockworks.co/news/ftc-probe-into-200m-bitmart-hack-continues-after-doc-block-denied"},{"date":"2023-01-01","event":"FTC's investigation into BitMart is reportedly dismissed. No enforcement action or court ruling on the merits was announced.","source":"BeInCrypto / National Law Review","source_url":"https://beincrypto.com/ftc-investigates-bitmart-over-handling-of-2021-hack/"},{"date":"2025-04-23","event":"BitMart announces a leadership transition: Xia moves from CEO to Group President; Nenter Chow is appointed Global CEO.","source":"GlobeNewswire","source_url":"https://www.globenewswire.com/news-release/2025/04/23/3066786/0/en/BitMart-Announces-Leadership-Transition-Sheldon-Xia-to-Group-President-Nenter-Chow-Appointed-Global-CEO.html"},{"date":"2026-07-24","event":"Nathan Chow, BitMart's Global CEO, is notified of his termination. He later states publicly he was not consulted about the wind-down decision.","source":"Blockhead","source_url":"https://www.blockhead.co/2026/07/27/bitmart-to-wind-down-exchange-with-ceo-saying-he-was-not-consulted/"},{"date":"2026-07-26","event":"BitMart publicly announces it will wind down operations, halting new registrations. Withdrawal access is stated to remain open during the wind-down. Users immediately begin reporting withdrawal problems.","source":"Blockhead / CoinDesk","source_url":"https://www.blockhead.co/2026/07/27/bitmart-to-wind-down-exchange-with-ceo-saying-he-was-not-consulted/"},{"date":"2026-08-08","event":"Xia issues a statement denying any wrongdoing concerning misappropriation of funds and states the core team is conducting an asset inventory.","source":"Value The Markets","source_url":"https://www.valuethemarkets.com/cryptocurrency/news/bitmarts-controversial-shutdown-raises-concerns-for-users-and-employees"},{"date":"2026-08-17","event":"BitMart's official Chinese-language X account posts an open letter demanding Xia disclose asset status, wallet addresses, and a repayment plan by August 19, or evidence would be submitted to regulators and law enforcement worldwide.","source":"CoinGape / Cryptonomist","source_url":"https://coingape.com/bitmart-demands-founder-disclose-funds-wallets-repayment-plan-by-aug-19/"},{"date":"2026-08-17","event":"Xia responds within hours, calling the demands 'fabricated rumors' and claiming the BitMart Chinese-language account had been hacked. He states he will file a police report and pursue legal action.","source":"TFTC / CoinGape","source_url":"https://www.tftc.io/bitmart-founder-dismisses-audit-proof-of-reserves-blocked-withdrawals"},{"date":"2026-08-21","event":"BitMart's last substantive public update before trading cessation. The exchange promises a restructuring roadmap by September 9.","source":"CryptoTimes","source_url":"https://www.cryptotimes.io/2026/09/01/bitmart-users-still-report-frozen-crypto-withdrawals-while-exchange-remains-silent/"},{"date":"2026-08-22","event":"CoinDesk reports BitMart has hired White & Case as restructuring counsel and is exploring options including partial restart and creditor distributions as alternatives to a complete wind-down.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/08/22/crypto-exchange-bitmart-weighs-partial-restart-and-creditor-payouts-weeks-after-announcing-shutdown"},{"date":"2026-08-26","event":"BitMart halts all trading. On-chain data shows only 58 wallets withdrew approximately $805,000 in the first 24 hours — a negligible fraction of reported user balances.","source":"CryptoTimes","source_url":"https://www.cryptotimes.io/2026/09/01/bitmart-users-still-report-frozen-crypto-withdrawals-while-exchange-remains-silent/"},{"date":"2026-09-01","event":"Users continue reporting unresolved withdrawal requests five weeks after the July 26 shutdown announcement. BitMart's official channels have issued no operational update since August 21.","source":"CryptoTimes","source_url":"https://www.cryptotimes.io/2026/09/01/bitmart-users-still-report-frozen-crypto-withdrawals-while-exchange-remains-silent/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision ab5df716-d96e-453a-ba30-e6c45dddc3a6copy