BitMart Weighs Restart as Crypto Exchange Restructuring Takes Shape
BitMart is considering restarting some operations and making payouts to creditors, less than a month after announcing plans to wind down its crypto exchange.
The company is working on a restructuring plan after talks with users, stakeholders and advisers. It has hired White & Case to assess its options, with any restart subject to legal, financial and regulatory reviews. BitMart expects to outline a roadmap by Sept. 9.
Restructuring Plan Takes Shape
BitMart said a potential restart would follow further consultations with its community. The exchange has also urged users to rely on official channels as it addresses concerns over scams.
Related: The IRS Warns About Mail-Based Phishing Campaign Targeting US Crypto Users
Users have reported withdrawal difficulties since August, while former employees have alleged unpaid wages. Founder Sheldon Xia rejected the claims asโฆ
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