BitMart shutdown gets messy as staff speak out over unpaid wages

The closing down of BitMart has turned into a test of trust for the crypto exchange industry as a whole. Current and former employees and users already locked out of the exchange are demanding to know where their unpaid salaries and funds stand.

The conflict arises as traders monitor the indicators of stress among mid-size exchanges. From the perspective of users, BitMart stands for the fact that an exchange can use terms like “responsible” and “orderly” when talking about shutting down the business while users are left waiting for their money. This difference between the official statements and the reality of users makes the dispute bigger than BitMart itself.

Staff and users are naming names

On August 17, an account under the name BitMart 币市 (@BitMart_zh) openly criticized the company’s management and also tagged co-founder Sheldon and the official exchange account in the post. The account demanded an explanation from the company, claiming that several users have been unable to withdraw their funds even after all this time, and many employees still have not received their pay for the last month.

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