Another user cut straight to Lee's hacked account claim
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"No one asked you if the account was hacked or not," wrote.
Key facts
Combined CEX volumes fell 23.9% to $3.76T in July, the lowest since November 2023, as DEX spot market share climbed to a record 19.5% and RWA perps hit $460B
Roshan Dharia, CEO of distressed investment firm Echo Base, told CoinDesk via Telegram that his firm has offered BitMart a funded restructuring package including debtor-in-possession financing
Last month, BitMart said it was winding down operations and Aug. 26 would be the final trading day
Answer what people have been asking you since July 26
Summary
BitMart founder Sheldon Lee dismissed as “fabricated rumors” an X post alleging that customers cannot withdraw funds and some employees have not been paid their July salaries, saying the exchange’s Chinese-language account was hacked. Users and critics, including onchain investigator ZachXBT, are demanding that BitMart restore withdrawals or submit to independent third-party audits, as the exchange winds down operations ahead of its final trading day on Aug. 26. Distressed investment firm Echo Base said it proposed a funded restructuring package for BitMart but received no response, warning that the situation is unlikely to be resolved without a court process to address widespread customer claims. BitMart founder Sheldon Lee dismissed calls to explain why, according to a post on X, some customers of the exchange are unable to withdraw their funds and some employees were not paid their July salaries.