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BitMart’s Chinese-language X account demanded an Aug. 19 repayment plan, while Sheldon Xia called its claims of blocked withdrawals and non-payment of salaries “fabricated rumors.”
Key facts
Wallets attributed to BitMart by Arkham held about $36.5 million in crypto assets as of Monday, down from roughly $71 million on July 26 and $102 million on July 6
Hodler’s Digest: Data of 54,000 wallet users leaked, CLARITY odds 10%
BitMart’s Chinese-language X account demanded an Aug. 19 repayment plan, while Sheldon Xia called its claims of blocked withdrawals and non-payment of salaries “fabricated rumors
BitMart announced on July 26 that it would wind down its exchange as its BMX token plunged and users reported withdrawal delays
Summary
The account said in a Monday post that some users remained unable to withdraw funds and that some employees had not received their final salary or compensation, while calling on Xia to disclose BitMart’s wallets, assets, liabilities and available reserves, according to a machine translation of the post. The post said if Xia does not provide a verifiable asset disclosure and repayment plan by the deadline, it would continue to submit evidence to regulators, law enforcement, lawyers and the media. It was unclear who authored Monday’s post or whether the account remained under the company’s control.