BitMart’s Chinese-language account has demanded answers from founders Sheldon Lee and Yi Li over frozen user funds and unpaid employee salaries, with a response deadline of August 19. Many users still cannot withdraw their funds, while some employees have not received their final salaries. The statement demands evidence of BitMart’s current wallets, assets, liabilities, and usable reserves, along with a detailed repayment plan. Sheldon Lee responded by calling the material « fabricated rumors » and said BitMart would file a police report. The exchange’s official shutdown is scheduled for January 31, 2027, with trading services discontinued on August 26.
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