BitMart Faces Growing Pressure Over User Funds and Withdrawal Restrictions
BitMart is under scrutiny as users and employees demand the exchange disclose its reserves and clarify withdrawal restrictions. Founder Sheldon Xia has dismissed claims of blocked withdrawals and unpaid salaries as 'fabricated rumors.' A repayment plan is expected by August 19 amid concerns over customer funds and employee compensation.
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BitMart founder dismisses calls for audit as users report blocked funds, unpaid employees
Sheldon Lee said a Chinese-language X account making the claims was hacked. Users want wallets, assets and liabilities disclosed.
BitMart account demands founder explain funds status, Xia calls claims ‘fabricated’
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 faces Aug. 19 deadline over withdrawals and user funds
BitMart users and employees have demanded that the crypto exchange disclose its reserves, explain reported withdrawal restrictions, and publish a repayment plan by Aug. 19 as questions continue over customer funds and unpaid staff compensation. A public statement posted on…


