BitMart Users Demand Audit and Repayment Plan as Withdrawals Remain Blocked
TLDR
- BitMart users and employees have demanded reserve disclosures and a repayment plan by Aug. 19
- Founder Sheldon Lee dismissed the claims as “fabricated rumors” from a hacked account
- Users report being unable to withdraw funds since the July 26 shutdown announcement
- Employees say they have not received July salaries or owed compensation
- If BitMart does not respond by the deadline, evidence may be sent to regulators and law enforcement
BitMart is facing growing pressure from users and employees after the crypto exchange announced it was winding down operations. A public statement on X gave founder Sheldon Lee until Aug. 19 to respond to demands for financial transparency.
🚨BREAKING: BitMart founder denies an explosive letter attacking management, claiming hackers posted it through the company’s Chinese X account.
An open letter, apparently posted by employees, demanded answers from Sheldon Xia and Yi Li by August 19 about:
– Where users’ money… https://t.co/kOYdVVG6fj pic.twitter.com/ARuLs9yKaT
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