Verify a decision
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How verification works
- We commit. When a moderator accepts/rejects a submission, we serialize the decision into deterministic UTF-8 bytes (
payload_canonical_string), hash it with SHA-256, encode the digest as base58, and write it to Solana inside an SPL Memo v2 transaction. - We store the bytes. The exact bytes we hashed are stored alongside the decision in our database. Anyone can read them and recompute the hash in any language.
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The on-chain memo format is
AVOID.NET|v1|h:<b58-sha256>|d:<id>|t:<iso>Find a signature on any investigation page's decision log, or run python -m src.verify_decision --signature <sig> for a CLI check.
Decision
publish · Bit.com
- Sequence
- #1
- Score
- →
- Cluster
- mainnet-beta
- Slot
- 424981566
- Off-chain at
- 2026-06-07T22:10:49.659Z
- Anchored at
- —
- Block time
- —
Independent verification
- 1. Database (off-chain)
- 5TuCyDSwd6oHJnswdezVCjK9JKUnUNGCQrM1znUhNqza
- 2. Recomputed (your browser)
- computing…
- 3. On-chain (Solana memo)
- fetching…
Canonical bytes hashed (26365 chars)
{"actor":"system:backfill","investigation_id":"cc3fbcec-6e6a-4760-96d9-3cb179d61864","kind":"publish","page_slug":"bit-com","published_at":"2026-06-07T22:10:49.589Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Bit.com","sections":[{"content":"Bit.com was launched on August 3, 2020, as a cryptocurrency derivatives exchange operated by Matrixport, a Singapore-headquartered digital asset financial services firm. Matrixport was founded in 2019 by Jihan Wu, the co-founder of Bitmain Technologies — the world's largest manufacturer of Bitcoin mining hardware — after Wu departed as co-CEO of Bitmain. The exchange was initially positioned as a derivatives-first platform offering BTC/USD perpetual swaps, then expanded to include futures, options, and spot trading across Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). Bit.com claimed a notable early milestone as the first exchange to list BCH options. The platform also offered cloud mining hashrate products and structured yield products branded 'GoRich.' Matrixport itself operates a distinct wealth-management and institutional platform at matrixport.com; Bit.com (domain: bit.com; internal system domain: bitexch.io) functioned as its retail and professional trading arm. These are legally related entities, not independent operators. Matrixport achieved unicorn status with a valuation exceeding $1 billion and managed over $6 billion in assets as of its March 2026 rebrand announcement.","heading":"Entity Background and Corporate Structure","severity":"low","sources":[{"credibility":2,"name":"Bitmain spin-off Matrixport is launching a crypto derivatives exchange — The Block","type":"news_article","url":"https://www.theblock.co/post/72970/matrixport-crypto-derivatives-exchange"},{"credibility":2,"name":"Singapore Based Digital Asset Firm Matrixport To Launch Bit.com — Crowdfund Insider","type":"news_article","url":"https://www.crowdfundinsider.com/2020/07/164643-singapore-based-digital-asset-firm-matrixport-to-launch-bit-com-a-crypto-derivatives-exchange/"},{"credibility":1,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — PR Newswire (official press release)","type":"official","url":"https://www.prnewswire.com/apac/news-releases/matrixport-rebrands-as-bit-in-strategic-repositioning-302719048.html"},{"credibility":2,"name":"Jihan Wu — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Jihan_Wu"}]},{"content":"On December 27, 2025, Bit.com published a wind-down notice across its official social media channels and confirmed the announcement via email to users. The exchange described the action as part of a 'business restructuring plan.' No specific circumstances — regulatory, financial, or operational — were disclosed in the announcement or in subsequent follow-up communications obtained by secondary news outlets. The company framed the closure as an orderly reduction rather than an insolvency or forced shutdown. The exchange explicitly stated that user assets 'will not be cleared, confiscated, or otherwise disposed of,' and committed to a transparent, traceable migration window. The TheStreet characterized the shutdown as 'unexpected,' noting the platform had analyst support, while Cryptopolitan and MEXC News reported the event as a straightforward operational wind-down. No court filings, regulatory enforcement actions, or hack disclosures accompanied the announcement.","heading":"Shutdown Announcement and Stated Rationale","severity":"medium","sources":[{"credibility":2,"name":"Analyst-loved crypto exchange announces unexpected shutdown — TheStreet Crypto","type":"news_article","url":"https://www.thestreet.com/crypto/bankruptcy/crypto-exchange-announces-phased-shutdown-by-2026"},{"credibility":2,"name":"Crypto exchange Bit.com set to wind down operations — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/bit-com-set-to-wind-down-operations/"},{"credibility":2,"name":"Crypto exchange Bit.com set to wind down operations — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358004"},{"credibility":2,"name":"Bit.com Announces Three-Phase Shutdown Plan to March 31, 2026 — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-com-announces-three-phase-shutdown-plan-to-march-31-2026"}]},{"content":"The wind-down was structured in three phases. Phase 1 (effective December 27, 2025): new user registrations were immediately suspended; derivatives contract trading was restricted to closing existing positions only (no new positions permitted); and normal withdrawals remained available to existing users. Phase 2 (January 25–31, 2026): cloud mining (hashrate) services terminated January 25, 2026, with all mining income settled by that date; structured financial product income calculations ceased January 30, 2026, requiring users to manually withdraw assets from supported currencies; spot trading fully ceased January 31, 2026, after which all remaining non-USDT assets would be automatically converted to USDT at prevailing market prices (with the exception of tokens listed in the 'observation area,' which users were required to withdraw manually beforehand). Phase 3 — Backup Station (February 1–March 31, 2026): any assets not withdrawn by January 31 were transferred to a 'backup station' system. This system permitted login and withdrawal only; no trading functions were available. The exchange committed to 24/7 availability of asset inquiry and withdrawal functions during this period, with online ticket first-response times of one hour or less and resolution of asset-related anomalies within two hours. Users with large asset holdings could request one-on-one specialist support. After March 31, 2026: users who did not complete withdrawals during the backup window are required to contact Bit.com customer service individually through the backup station system to recover assets. The exchange stated assets remain preserved and have not been disposed of, but the self-service window closed on that date.","heading":"Phased Wind-Down Timeline and User Asset Procedures","severity":"high","sources":[{"credibility":2,"name":"Bit.com Plans Gradual Shutdown by March 2026, Urges USDT Withdrawals — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358163"},{"credibility":2,"name":"Bit.com begins phased shutdown, sets March 2026 deadline for withdrawals — MEXC News","type":"news_article","url":"https://www.mexc.co/news/357888"},{"credibility":2,"name":"Bit.com Announces Business Reduction and User Asset Migration Plan — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-com-announces-business-reduction-and-user-asset-migration-plan"},{"credibility":2,"name":"Bit.com to shut down from Dec 27, 2025, with migration ending Mar 31, 2026 — BingX","type":"news_article","url":"https://bingx.com/en/news/post/bit-com-to-shut-down-from-dec-with-migration-ending-mar"},{"credibility":1,"name":"Follow-up Announcement on Business Adjustment and User Asset Migration — BIT Help Center (official)","type":"official","url":"https://helpcenter.bitexch.io/en/articles/13242121-follow-up-announcement-on-business-adjustment-and-user-asset-migration"}]},{"content":"Bit.com and Matrixport are related entities within the same corporate group. The exchange encouraged users to migrate assets to Matrixport as an alternative to direct withdrawal, positioning Matrixport as the successor platform for those who wished to continue using group services. On March 20, 2026 — concurrently with the tail end of Bit.com's backup withdrawal window — Matrixport formally rebranded as 'BIT' (standing for 'Bridge into Tomorrow'). The rebrand was announced via PR Newswire and covered by The Block, GlobeNewswire, and other outlets. The company stated that the rebrand affected only the brand name and did not alter client accounts, legal entities, or contractual arrangements. At the time of the rebrand, the entity reported over $6 billion in assets under management, more than $7 billion in monthly trading volume, and cumulative interest payments exceeding $2 billion to clients. BIT (formerly Matrixport) maintained licensed operations in Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, and Bhutan, and was listed on the Hurun 2024 Global Unicorn Index. The timing of the Bit.com closure and the Matrixport-to-BIT rebrand, occurring within the same quarter, suggests a coordinated strategic consolidation: winding down the retail derivatives exchange brand while repositioning the parent entity toward institutional digital asset infrastructure under a unified brand. No official statement from either entity has explicitly confirmed this interpretation.","heading":"Relationship to Matrixport and BIT Rebrand","severity":"low","sources":[{"credibility":1,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — PR Newswire (official)","type":"official","url":"https://www.prnewswire.com/apac/news-releases/matrixport-rebrands-as-bit-in-strategic-repositioning-302719048.html"},{"credibility":2,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — The Block","type":"news_article","url":"https://www.theblock.co/press-releases/394343/matrixport-rebrands-as-bit-in-strategic-repositioning"},{"credibility":1,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/03/20/3259572/0/en/matrixport-rebrands-as-bit-in-strategic-repositioning.html"},{"credibility":1,"name":"Matrixport Rebrands as BIT — Matrixport Help Center (official)","type":"official","url":"https://helpcenter.matrixport.com/en/articles/14134478-matrixport-rebrands-as-bit"}]},{"content":"Users who failed to withdraw before March 31, 2026, face a degraded recovery path that requires submitting individual customer-service requests through the backup station system. While the exchange explicitly stated that assets would not be confiscated, the burden of initiating recovery shifts entirely to the user after the self-service window closes. Risks for affected users include: (1) delays in customer-service response given the volume of potential post-deadline claims; (2) uncertainty about the entity's continued operational capacity to honor recovery requests over an extended period, given the full exchange shutdown; (3) the absence of any time-bound guarantee for post-March-31 asset releases in publicly reported announcements. The exchange warned users during the migration period to be vigilant against fraud, noting that official communications never request passwords, verification codes, or private keys — implying that third-party scammers were already attempting to exploit the transition. No third-party audits or proof-of-reserves disclosures specifically covering the wind-down period were identified in available sources.","heading":"Customer Risk Assessment: Post-Deadline Asset Recovery","severity":"high","sources":[{"credibility":2,"name":"Bit.com Plans Gradual Shutdown by March 2026, Urges USDT Withdrawals — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358163"},{"credibility":2,"name":"Bit.com Announces Three-Phase Shutdown Plan to March 31, 2026 — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-com-announces-three-phase-shutdown-plan-to-march-31-2026"},{"credibility":2,"name":"Analyst-loved crypto exchange announces unexpected shutdown — TheStreet Crypto","type":"news_article","url":"https://www.thestreet.com/crypto/bankruptcy/crypto-exchange-announces-phased-shutdown-by-2026"}]},{"content":"Available public sources — including searches across SEC EDGAR, court records, major crypto news outlets, and the exchange's own communications — do not identify any regulatory enforcement actions, license suspensions, security breaches, exit fraud, misappropriation of funds, or insolvency proceedings associated with Bit.com or its operator Matrixport at the time of the shutdown. The FX Empire 2025 review noted that Bit.com held a VASP license in Lithuania and described its security track record as clean. The exchange's closure was reported without fraud characterization by credible Tier-2 outlets including The Block, TheStreet, Cryptopolitan, and KuCoin News. Users and researchers should note the existence of numerous fraudulent exchanges using similar branding (e.g., bit-exchange.cc, bitex.com, bitexchange.systems), none of which are affiliated with the legitimate Bit.com platform operated by Matrixport. These similarly named scam platforms have been flagged by Trustpilot, ScamAdviser, and the British Columbia Securities Commission; they are entirely distinct entities.","heading":"Absence of Identified Regulatory, Fraud, or Security Incidents","severity":"low","sources":[{"credibility":2,"name":"BIT.com Review 2025: Is It the Right Exchange for You? — FX Empire","type":"research","url":"https://www.fxempire.com/exchanges/bit"},{"credibility":2,"name":"Bit.com Exchange Begins Wind-Down Amid Migration Plan — 1Token Tech Blog","type":"news_article","url":"https://blog.1token.tech/bit-com-exchange-begins-wind-down-amid-migration-plan/"}]},{"content":"Secondary reporting from MEXC News noted that Bit.com's total trading volume declined by approximately 51% year-over-year in the period leading up to the closure announcement, with activity tapering significantly by mid-2025 despite growth in the first quarter of that year. The exchange had previously been ranked as a top-tier derivatives venue, particularly in the BTC and ETH options market, during its peak years of 2021–2022. By 2024–2025, the global derivatives landscape had consolidated around a small number of dominant venues including Binance Futures, Bybit, and Deribit, with smaller operators experiencing significant market share erosion. Options trading on Bit.com was reportedly disabled in 2025 prior to the full shutdown announcement, suggesting a rolling reduction of services before the formal wind-down notice. This volume context is consistent with a voluntary strategic consolidation rather than an acute operational failure, though the precise internal reasons for the decision remain undisclosed.","heading":"Market Context and Trading Volume Decline","severity":"medium","sources":[{"credibility":2,"name":"Crypto exchange Bit.com set to wind down operations — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358004"},{"credibility":2,"name":"BIT.com Review 2025 — FX Empire","type":"research","url":"https://www.fxempire.com/exchanges/bit"}]},{"content":"The entity under investigation is the Bit.com derivatives and spot exchange operated by Matrixport (domain: bit.com; internal help center at bitexch.io). This entity is distinct from: (1) BIT / Matrixport, the renamed parent wealth-management and institutional services platform (bit.com post-rebrand, matrixport.com); (2) bit-exchange.cc, identified by Trustpilot users as a pig-butchering scam; (3) bitex.com, a UAE-based exchange flagged by the British Columbia Securities Commission and Trustpilot users for withdrawal denials; (4) bitexchange.systems, rated 2.2 stars on Sitejabber with reports of withdrawal blocks and unresponsive support; (5) Bitcoin.com exchange, a separate entity. The similarity in naming between Bit.com and fraudulent 'bit-' prefix platforms creates meaningful social-engineering risk during the exchange's wind-down period, a risk the exchange itself acknowledged in its anti-fraud warnings.","heading":"Entity Disambiguation: Bit.com vs. Similarly Named Entities","severity":"medium","sources":[{"credibility":3,"name":"Bit Exchange Reviews (bit-exchange.cc) — Trustpilot","type":"community_report","url":"https://www.trustpilot.com/review/www.bit-exchange.cc"},{"credibility":3,"name":"BitExchange Reviews — Sitejabber","type":"community_report","url":"https://www.sitejabber.com/reviews/bitexchange.systems"},{"credibility":3,"name":"Bit.com Reviews — Trustpilot","type":"community_report","url":"https://www.trustpilot.com/review/bit.com"}]}],"sources_used":[{"credibility":2,"name":"Analyst-loved crypto exchange announces unexpected shutdown — TheStreet Crypto","type":"news_article","url":"https://www.thestreet.com/crypto/bankruptcy/crypto-exchange-announces-phased-shutdown-by-2026"},{"credibility":2,"name":"Crypto exchange Bit.com set to wind down operations — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/bit-com-set-to-wind-down-operations/"},{"credibility":2,"name":"Crypto exchange Bit.com set to wind down operations — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358004"},{"credibility":2,"name":"Bit.com Plans Gradual Shutdown by March 2026, Urges USDT Withdrawals — MEXC News","type":"news_article","url":"https://www.mexc.com/news/358163"},{"credibility":2,"name":"Bit.com begins phased shutdown, sets March 2026 deadline for withdrawals — MEXC News","type":"news_article","url":"https://www.mexc.co/news/357888"},{"credibility":2,"name":"Bit.com Announces Three-Phase Shutdown Plan to March 31, 2026 — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-com-announces-three-phase-shutdown-plan-to-march-31-2026"},{"credibility":2,"name":"Bit.com Announces Business Reduction and User Asset Migration Plan — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-com-announces-business-reduction-and-user-asset-migration-plan"},{"credibility":2,"name":"BIT Announces Phased Business Reduction and User Asset Migration Plan — KuCoin","type":"news_article","url":"https://www.kucoin.com/news/flash/bit-announces-phased-business-reduction-and-user-asset-migration-plan"},{"credibility":2,"name":"Bit.com Plans Shutdown with User Asset Migration — MEXC News (PH)","type":"news_article","url":"https://www.mexc.co/en-PH/news/360487"},{"credibility":2,"name":"Bit.com to shut down from Dec 27, 2025, with migration ending Mar 31, 2026 — BingX","type":"news_article","url":"https://bingx.com/en/news/post/bit-com-to-shut-down-from-dec-with-migration-ending-mar"},{"credibility":1,"name":"Follow-up Announcement on Business Adjustment and User Asset Migration — BIT Help Center (official)","type":"official","url":"https://helpcenter.bitexch.io/en/articles/13242121-follow-up-announcement-on-business-adjustment-and-user-asset-migration"},{"credibility":1,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — PR Newswire (official press release)","type":"official","url":"https://www.prnewswire.com/apac/news-releases/matrixport-rebrands-as-bit-in-strategic-repositioning-302719048.html"},{"credibility":2,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — The Block","type":"news_article","url":"https://www.theblock.co/press-releases/394343/matrixport-rebrands-as-bit-in-strategic-repositioning"},{"credibility":1,"name":"Matrixport Rebrands as BIT in Strategic Repositioning — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/03/20/3259572/0/en/matrixport-rebrands-as-bit-in-strategic-repositioning.html"},{"credibility":1,"name":"Matrixport Rebrands as BIT — Matrixport Help Center (official)","type":"official","url":"https://helpcenter.matrixport.com/en/articles/14134478-matrixport-rebrands-as-bit"},{"credibility":2,"name":"Bitmain spin-off Matrixport is launching a crypto derivatives exchange — The Block","type":"news_article","url":"https://www.theblock.co/post/72970/matrixport-crypto-derivatives-exchange"},{"credibility":2,"name":"Singapore Based Digital Asset Firm Matrixport To Launch Bit.com — Crowdfund Insider","type":"news_article","url":"https://www.crowdfundinsider.com/2020/07/164643-singapore-based-digital-asset-firm-matrixport-to-launch-bit-com-a-crypto-derivatives-exchange/"},{"credibility":2,"name":"Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options — Bitcoin.com News","type":"news_article","url":"https://news.bitcoin.com/leading-crypto-derivatives-exchange-bit-com-set-to-launch-bitcoin-cash-options/"},{"credibility":2,"name":"Jihan Wu — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Jihan_Wu"},{"credibility":2,"name":"BIT.com Review 2025: Is It the Right Exchange for You? — FX Empire","type":"research","url":"https://www.fxempire.com/exchanges/bit"},{"credibility":2,"name":"Bit.com Exchange Begins Wind-Down Amid Migration Plan — 1Token Tech Blog","type":"news_article","url":"https://blog.1token.tech/bit-com-exchange-begins-wind-down-amid-migration-plan/"},{"credibility":3,"name":"Bit.com Reviews — Trustpilot","type":"community_report","url":"https://www.trustpilot.com/review/bit.com"},{"credibility":2,"name":"Jihan Wu's Matrix Finance offers $200 million credit facility to Bitdeer — The Block","type":"news_article","url":"https://www.theblock.co/post/351587/jihan-wus-matrix-finance-offers-200-million-credit-facility-to-jihan-wus-bitdeer-bitcoin-mining-operation"}],"summary":"Bit.com was a cryptocurrency derivatives and spot exchange launched in August 2020 by Matrixport, a Singapore-based digital asset firm founded by Bitmain co-founder Jihan Wu. On December 27, 2025, the exchange announced a phased wind-down under the label 'business restructuring,' with spot trading ceasing January 31, 2026, a backup withdrawal-only station active through March 31, 2026, and post-deadline asset recovery requiring individual customer-service requests. No regulatory action, security breach, or insolvency has been publicly reported as the cause; the shutdown appears consistent with a broader strategic consolidation by Matrixport, which rebranded as 'BIT' on March 20, 2026.","timeline":[{"date":"2019-01-01","event":"Jihan Wu, co-founder of Bitmain, departs as co-CEO and founds Matrixport, a Singapore-based digital asset financial services firm.","source":"Jihan Wu — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Jihan_Wu"},{"date":"2020-07-01","event":"Matrixport announces plans to launch Bit.com, a dedicated cryptocurrency derivatives exchange, to offer BTC/USD perpetual swaps and options.","source":"Bitmain spin-off Matrixport is launching a crypto derivatives exchange — The Block","source_url":"https://www.theblock.co/post/72970/matrixport-crypto-derivatives-exchange"},{"date":"2020-08-03","event":"Bit.com officially launches with a BTC/USD perpetual swap product.","source":"Singapore Based Digital Asset Firm Matrixport To Launch Bit.com — Crowdfund Insider","source_url":"https://www.crowdfundinsider.com/2020/07/164643-singapore-based-digital-asset-firm-matrixport-to-launch-bit-com-a-crypto-derivatives-exchange/"},{"date":"2020-08-17","event":"Bit.com launches BTC options trading, later expanding to ETH and BCH options, claiming to be the first exchange to list BCH options.","source":"Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options — Bitcoin.com News","source_url":"https://news.bitcoin.com/leading-crypto-derivatives-exchange-bit-com-set-to-launch-bitcoin-cash-options/"},{"date":"2025-01-01","event":"Options trading is reportedly disabled on Bit.com, representing a significant reduction of services ahead of the formal shutdown announcement.","source":"BIT.com Review 2025 — FX Empire","source_url":"https://www.fxempire.com/exchanges/bit"},{"date":"2025-12-27","event":"Bit.com publishes a formal wind-down notice via social media and email, citing 'business restructuring.' New user registrations suspended immediately; derivatives trading restricted to closing existing positions only.","source":"Crypto exchange Bit.com set to wind down operations — Cryptopolitan","source_url":"https://www.cryptopolitan.com/bit-com-set-to-wind-down-operations/"},{"date":"2026-01-07","event":"Bit.com publishes a follow-up announcement with detailed asset migration procedures and backup station system specifications.","source":"Bit.com Exchange Begins Wind-Down Amid Migration Plan — 1Token Tech Blog","source_url":"https://blog.1token.tech/bit-com-exchange-begins-wind-down-amid-migration-plan/"},{"date":"2026-01-25","event":"Cloud mining (hashrate) services on Bit.com terminate; all pending mining income settled by this date.","source":"Bit.com Plans Gradual Shutdown by March 2026 — MEXC News","source_url":"https://www.mexc.com/news/358163"},{"date":"2026-01-30","event":"Structured financial product (GoRich) income calculations cease; users required to manually withdraw assets from supported currencies.","source":"Analyst-loved crypto exchange announces unexpected shutdown — TheStreet Crypto","source_url":"https://www.thestreet.com/crypto/bankruptcy/crypto-exchange-announces-phased-shutdown-by-2026"},{"date":"2026-01-31","event":"Spot trading fully ceases on Bit.com. Remaining non-USDT assets automatically converted to USDT at closing prices. Primary withdrawal window via main platform ends.","source":"Bit.com Announces Three-Phase Shutdown Plan to March 31, 2026 — KuCoin","source_url":"https://www.kucoin.com/news/flash/bit-com-announces-three-phase-shutdown-plan-to-march-31-2026"},{"date":"2026-02-01","event":"Backup Station system activates. All remaining user assets transferred to backup station; login and withdrawal functions only. 24/7 customer support with one-hour ticket response commitment.","source":"Bit.com begins phased shutdown, sets March 2026 deadline for withdrawals — MEXC News","source_url":"https://www.mexc.co/news/357888"},{"date":"2026-03-20","event":"Matrixport formally rebrands as 'BIT' (Bridge into Tomorrow), announced via PR Newswire. The company states the rebrand does not affect client accounts or legal entities. BIT reports $6 billion in assets under management and $7 billion in monthly trading volume.","source":"Matrixport Rebrands as BIT in Strategic Repositioning — PR Newswire","source_url":"https://www.prnewswire.com/apac/news-releases/matrixport-rebrands-as-bit-in-strategic-repositioning-302719048.html"},{"date":"2026-03-31","event":"Backup Station self-service withdrawal window closes. After this date, asset recovery requires individual customer-service requests submitted through the Backup Station system. Exchange states assets remain preserved and will not be disposed of.","source":"Bit.com Plans Shutdown with User Asset Migration — MEXC News","source_url":"https://www.mexc.co/en-PH/news/360487"}]},"v":1}