BitMart Faces Insolvency Claim over Frozen Withdrawals

BitMart faces insolvency claim over frozen withdrawals

BitMart is facing a new insolvency allegation after an OpenGradient co-founder said his market-making team could no longer withdraw funds locked on the exchange. Market maker questions BitMart’s solvency Matthew, a co-founder of decentralized AI network OpenGradient, said his market-making…

BitMart Users Regain Log In Access, But Withdrawal Issues Continue

Getting locked out of your own BitMart account is bad. Getting let back in only to watch your withdrawal get rejected on the spot is somehow worse.That's the exact sequence users described over the past 48 hours, and it's landed the exchange in the middle of a very public insolvency accusation it hasn't fully answered yet.I've read through a lot of exchange wind-down stories over the years, and this one has a familiar shape to it, access restore…

BitMart Insolvency Allegations: A Liquidity Play or Something More?

BitMart faces insolvency allegations as withdrawal issues persist. Traders are reminded of the risks of centralized exchanges. Continue reading at DailyCoin.

BitMart Faces Insolvency Allegation as OpenGradient Says

BitMart also said the platform's operations are scheduled to terminate on Jan. 31, 2027.

BitMart Accused of Insolvency as Withdrawals Stay Frozen

SUMMARY OpenGradient co-founder Matthew Wang publicly accused BitMart of insolvency after his market-making funds became inaccessible on the exchange. Wang alleges BitMart pushed high-yield staking products a week before announcing its shutdown to lock in user liquidity. On-chain data shows withdrawals above $25,000 have largely stalled, and BitMart has not published a proof-of-reserves report. Founder Sheldon Xia denies any misappropriation, b…

BitMart Insolvency Alleged as 21,898 USDT Stays Frozen

BitMart is facing fresh questions over its financial condition after OpenGradient co-founder and CEO Matthew Wang alleged that the cryptocurrency exchange is insolvent, saying funds belonging to his project’s market-making team remain inaccessible. Wang said his team has been unable to withdraw assets held on BitMart and questioned whether the exchange has sufficient liquidity to meet customer obligations. He also criticized BitMart for allegedl…