BitMart Says It Might Not Shut Down After All โ Users Are Still in the Dark on Funds
TLDR
- BitMart is exploring a restructuring plan as an alternative to a full shutdown, appointing White & Case as restructuring counsel
- A further update is promised by September 9, but this is not a deadline for completing any restructuring
- Trading across all markets is still set to end August 26 at 01:00 UTC unless BitMart formally changes its schedule
- No balance sheet, liability totals, reserve data, or creditor claim portal has been made public
- BitMartโs native token BMX is trading near $0.06, down roughly 80% over the past month
BitMart has shifted course, announcing it is exploring a restructuring plan just weeks after it said it would fully wind down. But users are still waiting for answers about their money.
โก๏ธUPDATE: BitMart is considering creditor payouts and a phased restart, less than four weeks after announcing its shutdown.
No formal bankruptcy or restructuring filing has been disclosed. https://t.co/kOYdVVFypL pic.twitter.com/xI0RgzYxYi
- Coin Bureau (@coinbureau) August 23, 2026
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