bitmart

🚨 Another Crypto Exchange Hacked!

This time, it's BitMart, with approximately $391,000 reportedly drained from wallets linked to the exchange.

Another reminder that even established crypto exchanges are not immune to security breaches.

Security, transparency, and protection of user funds should always be top priorities in this industry.

How many more exchanges will face similar incidents? 👀

#BitMart #CryptoHack #CryptoSecurity #Bitcoin #CryptoNews

【Market Alert】BitMart hacker cashes out into ETH
The hacker has started cashing out: the Mercado hacker is converting 31 altcoins into ETH and now holds 7,988 ETH, worth approximately $18.19 million. BitMart’s founder has confirmed another hacking incident, and investigations suggest it may be linked to the attackers behind the Mercado case. ETH is currently trading above $2,300; if selling begins, altcoins could come under renewed pressure. Will they dump?
$ETH $PEPE $AAVE
#BitMart #黑客攻击 #Altcoins
(Source: AMBCrypto)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.

BitMart founder: Security team 'severely understaffed' after hack

- The BitMart founder said the security team is severely understaffed during the company's restructuring.
- Market analysts detected notable fund transfers that appear to be linked to the hack at Mercado Bitcoin.
- Cybersecurity at exchanges continues to be a hot topic attracting the crypto community's attention.

#BinanceSquare #CryptoNews #BTC #BitMart

$btc

#vlikevn Titanbot

Source: CoinTelegraph

The founder has come clean: BitMart was hacked again on November 2, with about $391,000 transferred to an address also linked to the theft from Brazil’s Mercado Bitcoin, which lost more than $46 million that same day. What stings even more is that founder Sheldon Xia admitted that, after restructuring, only the core team remained, the security team was “severely understaffed,” and key technical staff had to be recruited one by one. The platform is still restructuring, and users’ funds have yet to be fully settled. Admitting it can’t keep them safe at a time like this is truly nerve-racking. Would you still dare to keep your assets on a platform like this?

#BitMart #交易所安全 #黑客攻击 #CryptoSecurity

Another exchange confirms it was breached.

BitMart founder Sheldon Xia confirmed that the platform suffered a minor security breach yesterday. The team quickly launched an investigation and strengthened its security measures.

Preliminary findings suggest that the attackers may be the same group that simultaneously targeted Brazilian exchange Mercado Bitcoin.

There have been quite a few exchange security incidents recently. We recommend enabling two-factor authentication, checking your withdrawal address whitelist, keeping an eye on official platform announcements, and taking care to protect your assets.

#交易所安全 #BitMart #SecurityReminder

🚨 ANOTHER CRYPTO EXCHANGE HACKED — BITMART CONFIRMS ATTACK

BitMart founder Sheldon Xia admitted that the exchange was hacked on November 2. According to him, the losses were small, but the company has not yet disclosed the exact amount.

There’s an interesting detail: Bitquery analysts spotted transfers from an address labeled as a BitMart wallet to an address linked to the attack on Brazil’s Mercado Bitcoin. A connection between the two hacks is possible, but has not yet been proven.

BitMart is already undergoing restructuring, and its founder says the company lacks security staff. It is not yet known exactly how the attack happened or whether customer funds were affected.

Sources: Sheldon Xia, Bitquery, crypto.news (November 4).
#BitMart #CryptoSecurity

BitMart again—hacked for a “small” amount? They still haven’t paid back that $4.6 billion from Brazil, and these hackers have seamlessly moved on to cause trouble again. Is exchange security just for show? Don’t believe in hot and cold wallet separation; keeping your wallet in your own hands is always safest.

#BitMart #DeFi

⚠️ BitMart Users: Check Your Funds Now
BitMart announced an orderly wind-down on July 26, 2026. Trading ended on August 26, and the platform is scheduled to shut down fully on January 31, 2027.
Since the announcement, several users and projects have reported withdrawal delays. BitMart says withdrawals remain available, but it has not published a full proof-of-reserves report. I can't confirm the reason for the delays.
In my own account, the withdrawal page shows no available coins or networks, and I can't transfer from Funding to Spot either. I'm still trying to figure out why.
If you still have funds on BitMart:
✅ Complete KYC if it's pending
✅ Try withdrawing from the official website as well as the app
✅ Submit one withdrawal request and check its status. Don't spam requests or tickets
✅ Contact only official in-app support
Beware of scams 🚨
BitMart has said it never charges "expedited processing," "unfreezing," or "security deposit" fees. Anyone asking for these on Telegram or WhatsApp is a scammer. Also, don't deposit anything new into BitMart.
Always verify details through BitMart's official announcements.
Has anyone managed to withdraw recently? Share your experience below 👇
$BMX $USDT
Not financial advice. DYOR.
#bitmart #bitmax #CryptoSafety #Withdrawal #Binance

South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin

- South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin
- New regulations extend from mobile apps to websites, targeting unregistered exchanges
- Regulators tighten oversight before investors report losses
#BinanceSquare #CryptoNews #Bitmart #Kucoin

$btc $eth

#vlikevn Titanbot

Source: CoinDesk

🚨 $BITMART EYES PHASED RESTART AND CREDITOR PAYOUTS WEEKS AFTER SHUTDOWN ANNOUNCEMENT! 🔍

Smart money takes note when distress shifts toward structured recovery. Less than a month after signaling an operational halt, $BITMART is now exploring creditor distributions alongside a staged reopening, all without pursuing formal judicial bankruptcy proceedings. 🏦

This lack of court-monitored restructuring implies private liquidity injection or balance sheet rebalancing behind closed doors. 🔍 Institutional players will closely audit whether liabilities are fully covered or if haircuts are lurking beneath the surface. 📊

💬 Do you trust a private operational restart, or will capital flee the moment withdrawal queues reopen? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BITMART #CryptoNews #Liquidity #Restructuring

🎯 🛡️

What another exchange shutdown 😅😴in same week first #Bitmex then #Bitmart today
what went wrong few days ago it was Ascendix
BitMart announced that it would cease operations after almost eight years in business.
This marks the third crypto exchange to close this month, as the $BMX token plummeted more than 55% Industry observers say the rash of exchange closures is part of a broader shakeout in which weaker platforms are finding it difficult to survive in a more competitive market.
it also resulted in the shutdown of over 30 crypto projects in 2026, including exchanges, Layer 1s, Layer 2s and DeFi protocols
The mid-tier exchange model has a 'fatal flaw' and needs a constant flow of new users, and when that dries up, the business fails.

🚨 $BANK EXCHANGE PURGE: BITMART CEASING OPERATIONS IN STAGES! 🦈💥

The institutional migration has begun. BitMart announces a structured shutdown timeline: registration halt July 2026, full trading suspension August 2026, permanent closure January 2027. Withdrawals remain open — immediately close positions and move funds. This isn't random; it's a market-wide liquidity consolidation. Smart money is rotating into stronger venues as weaker CEXs exit. 📌 The purge is redefining where capital sits. 💬 Is your exchange on the next wave of closures? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BANK #BitMart #ExchangeShutdown #CryptoPurge #BinanceTurns9

🔥 ⚡

These are the issues
everyone is complaining about products winding down and saying it’s over

but ask yourself, when last did you use this product before they wound down operations ? ( that’s if you even used them at all )

let’s take the most popular that at least most people should’ve heard about
BitMart exchange

since you started your crypto journey, how many times have you used them ?

how many times did you use Dango ?

yeah that’s issue, you didn’t use it, i didn’t use it only a very few people used them at least compared to Bybit and the likes

so how do we expect them to make money or keep going ?

well except it’s a front for money laundering, it’s just practical that no one was using them, so they weren’t making money and the only logical solution is to wind down
although there could also be other reasons obviously

you don’t see Binance or Bybit or MEXC winding down
why ?
because that’s what everyone uses
if 100 people are selected at random, there’s a probability that 98% use one of those i mentioned
including me so that’s just the thing!
#Binance
#bitmart

BitMart announced that it closes the exchange. Trading stops on August 26 and operations end in January.

The news came after the $BMX token plunged and users reported delays in withdrawals.

There aren’t many details about what will happen to the funds trapped.

It seems like another exchange that couldn’t keep up with the pace.

Had you heard anything about BitMart before this?

#BitMart #CryptoExchange

🚨 BITMART CEO REMOVED: PLATFORM SUSPENSION DECISION MADE WITHOUT APPROVAL ⚠️

🦈 Institutional governance cracks are surfacing at BitMart. Global CEO Nenter Chow was informed of his termination on July 24th, then watched the platform suspension announcement go live on July 26th without his input or consent. 🔍 This suggests a breakdown in internal decision-making at a critical moment.

📌 Key takeaway: Exchange leadership divorcing from operational moves creates uncertainty for users. The gap between management and execution often precedes liquidity or asset access issues. 💡 Smart money watches how custodians handle internal conflicts.

💬 Do you trust exchange transparency when the CEO learns about major decisions from public posts? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BitMart #CEX #CryptoExchange #Governance #RiskManagement

🛡️ 🔍

🚨 Breaking: Crypto exchange BitMart announces an orderly shutdown of operations

According to BitMart’s official announcement, after assessing its operating conditions, the market environment, and its future strategic direction, the company has decided to orderly cease operations of its trading platform:

▫️As of 09:30 on July 26, new user registrations, deposits, and new trading orders have been suspended
▫️All trading services are planned to be stopped at 09:00 on August 26
▫️At 23:59 on January 31, 2027, the platform will officially stop operating; withdrawal services will remain available during this period

Users are asked to complete withdrawal operations as soon as possible and to ensure the safety of their assets.

#BitMart #加密交易所 #digital currency

Original link: https://bitmart.zendesk.com/hc/zh-cn/articles/53544595916059-%E5%85%B3%E4%BA%8E-BitMart-%E6%9C%89%E5%BA%8F%E5%81%9C%E6%AD%A2%E8%BF%90%E8%90%A5%E7%9A%84%E9%87%8D%E8%A6%81%E5%85%AC%E5%91%8A

Hey there 👋
More news after BitMEX... BitMart is now announcing a shutdown! 😮
The platform that was serving 13 million users across 180 countries has decided to stop all trading services on August 26, and permanently shut down on January 31, 2027 📅
The weirdest part? CEO Nenter Chow said he wasn’t aware of the decision! 🤯
He said: "On July 7, 24, they informed me that my services would be terminated, and I saw the news along with everyone else on the announcement day!" 💔 Their token crashed by more than 81% in a week, dropping from $0.31 to $0.057 💸
Users are complaining about delays in withdrawing funds, and some say their withdrawal requests are stuck 🚨
Even $CZ commented, saying: "Tough times" and that "these shutdowns look organized" 🤔
Wallets linked to the platform dropped from $102 million to $69 million over the past few weeks 📉

$BTC $BNB $ETH

What do you think—are we about to see a wave of new shutdowns, or is this just an isolated case? 👇

#bitmart #BMX #إغلاق_المنصات #إقرا_كريبتو

BitMart publicly calls on its founder Sheldon along with Li Yi, demanding that by August 19 they provide formal responses to five core issues.

The most closely watched, of course, is the specific whereabouts of users’ funds and verifiable proof of assets. When will the decision on withdrawal restrictions be made, who was informed, what are the related accounts and how did the funds flow, when will employees’ salaries and compensation be settled, and a truly executable user repayment plan—remaining assets, total liabilities, repayment ratios, timeline, whether they will accept third-party audits. Every item directly targets the platform’s current trust gap.

Based on the current situation, large numbers of users are still unable to withdraw, and employees have not yet received their final salaries and compensation. The platform’s financial position is clearly not optimistic. BitMart has set a clear bottom line: if a complete and transparent explanation is not provided by the deadline, they will submit the relevant materials to law enforcement agencies, regulators, attorneys, and the media to push for further investigation.

This means August 19 will be a critical milestone. If the founder’s response is vague, the platform will face real pressure from the regulatory and judicial authorities; if they choose a direct response and present genuine asset proof and an implementable repayment plan, it may be the only way to stop further erosion of trust.

For users, the next few days are worth close attention. Once an exchange enters this stage of “public questioning,” it usually means internal communication has failed. After that, it will either be substantive rectification or a larger-scale bank run with regulatory intervention. In any case, the more transparent the information disclosure is, the more ordinary users can make timely judgments.

#BitMart#exchange#user funds

Hey crypto community! There’s brand-new, **VERY HOT** news just updated, and it will definitely make many people stare in disbelief!

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🔥 **SHOCKINGLY BIG SURPRISE: The Crypto Exchange THAT ONCE ANNOUNCED CLOSING IS NOW CONSIDERING 'PARTIAL RESTART' AND REPAYING INVESTORS!** 🔥

Yes, you heard that right! An exchange that once caused a stir after declaring it was stopping operations now seems to be making moves again—with unexpected developments!

Here are the key points of the news:

* After the controversial decision to shut down, BitMart is currently considering a plan to restart part of its operations.
* Along with this, there is a specific repayment roadmap for creditors and affected investors, promising to settle outstanding debts.
* To carry out this restructuring effort, BitMart has hired top law firm White & Case as advisors, and a detailed roadmap is expected to be announced before September 9.

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**Personal perspective from an expert:**

This is an *extremely noteworthy* signal for the entire crypto market. The fact that an exchange that previously faced difficulties—eventually even announcing closure—is now working hard to find a way to restart and, especially, to repay users, shows the pressure from the community and the potential for solutions to similar incidents. If BitMart succeeds, it could set a positive precedent, helping strengthen trust in protecting users’ rights in the crypto space. However, any restructuring roadmap requires absolute transparency and strict fulfillment of commitments. Everyone should closely monitor the next developments and carefully evaluate before making any decisions.

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What do you think—BitMart’s move is a very good sign for the market, or does it still carry unpredictable risks? Leave a comment, and don’t forget to **Click Follow your channel** so you don’t miss the hottest analyses and updates every day!

#CryptoNews #TrendingNews #BitMart $BTC $ETH

BitMart Founder Publicly Faces Accountability

On August 17, BitMart’s official account posted on X, demanding that founders Sheldon and Li Yi publicly respond to five key questions by August 19, including the whereabouts of user funds and verifiable proof of assets, the decision-making process behind withdrawal restrictions, an investigation into the flow of funds in related accounts, employees’ final salaries and compensation, and a concrete repayment plan containing remaining assets, total liabilities, repayment ratio, timeline, and a third-party audit.

At present, the platform still has many users unable to withdraw and employees who have not received their final salaries and compensation. BitMart has made it clear that if a complete and transparent explanation is not provided by the deadline, it will submit relevant materials to law enforcement agencies, regulatory bodies, lawyers, and the media to push for further investigation.

This public “final ultimatum” between the exchange and its founders is extremely rare. By applying pressure through public channels, BitMart indicates that internal communication has nearly broken down. The founders must either come up with a credible settlement and repayment plan or face multi-pronged pressure from regulators and the judiciary.

For users, the three most important concerns remain: Is my money still there? When will I be able to get it back? Who can oversee this? These five questions are exactly what is being asked to address those three points.

With only two days left until August 19, Sheldon and Li Yi’s response will determine whether BitMart can pursue self-rescue or ends up collapsing. #BitMart#ExchangeCrisis#UserRights