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Sheldon
@sheldonbitmart
Bitcoin since 2013
817 Following    35.1K Followers
Yes, we got hacked yesterday too. The amount involved was small, and we acted quickly to investigate and strengthen security. As a result of the restructuring, we have retained only a core team. Doxxing and threats from users, along with retaliation by certain disgruntled employees, including Elly, our former head of marketing operations, have made many technical staff reluctant to stay and maintain the systems in an environment where they face personal attacks. It took considerable effort and individual conversations to persuade some key technical staff to remain and maintain our core systems. However, we continue to face numerous attacks. Our security team is currently severely understaffed, but we are still doing everything we can to safeguard data and assets. Our preliminary investigation suggests that yesterday’s hack may have been carried out by the same group responsible for yesterday’s attack on Brazil’s Mercado Bitcoin.
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Begin the audit
Update on the Appointment of Alvarez & Marsal as Financial Adviser and Near-Term Action Plan Dear BitMart Users, Following careful consideration, BitMart has appointed Alvarez & Marsal ("A&M") as its external financial adviser. A&M will assist BitMart and its legal advisers in conducting an assessment of BitMart’s financial position, stakeholder issues and arrangements for orderly withdrawals, assist in evaluating available options, and support the development of a near-term action plan. With A&M now engaged, BitMart intends to provide a further update within the next three weeks on a rolling basis regarding user feedback channels, the collection of user concerns, and the action plan. BitMart, together with A&M, will conduct an assessment of BitMart’s current operations, evaluate BitMart’s assets and financial position and assess potential paths forward, including the details of a possible orderly resumption of operations and alternative options that have been put forward by interested third parties, and take into account user feedback in this process. In terms of immediate next steps: · We are fully aware that users have significant concerns regarding withdrawal arrangements, asset status, and subsequent related procedures. All relevant data must be subject to verification by an independent financial adviser before being disclosed externally to ensure its accuracy and authenticity. This is the reason we engaged A&M. To facilitate the centralized collection of user opinions and feedback, BitMart will establish a dedicated web portal as a unified channel for comments on our action plan and future direction. Feedback received will be carefully considered and evaluated, and will be incorporated into our ongoing assessment and planning efforts. The link to the web portal will be made available and announced to all users via an official notice within 5 working days. As for important issues of general concern expressed by users on the portal, we will respond to them in due course through subsequent announcements and communications. · BitMart also intends to appoint an independent third party in the near term to provide oversight of the company’s operations and safekeeping of assets during this period, helping to ensure that users’ interests remain protected. We fully understand that the withdrawal restrictions imposed over the past period have inevitably caused unease, disappointment, and even anxiety among our users. We understand the inconvenience this has caused, and we greatly value our users’ right to express their concerns through reasonable and lawful channels. At the same time, we sincerely call on all parties to maintain rational communication and to express their views and demands through lawful and appropriate means. We particularly hope to avoid any acts of harassment, threats, or invasion of personal privacy directed at individual employees. Over the past nine years, our users have always been the foundation of BitMart’s growth. Without our users, BitMart would not exist as it does today. At this stage, our primary focus is on addressing the issues at hand and developing a near-term action plan. With the support of advisers, we also intend to establish a more structured, transparent, and constructive framework for communication and engagement with our users, and will provide regular progress updates. Thank you for your continued patience and understanding while this work is undertaken. For any immediate inquiries about this announcement, please contact: AlvarezMarsal@bitmart.com BitMart Team 🔗
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Update on the Appointment of Alvarez & Marsal as Financial Adviser and Near-Term Action Plan Dear BitMart Users, Following careful consideration, BitMart has appointed Alvarez & Marsal ("A&M") as its external financial adviser. A&M will assist BitMart and its legal advisers in conducting an assessment of BitMart’s financial position, stakeholder issues and arrangements for orderly withdrawals, assist in evaluating available options, and support the development of a near-term action plan. With A&M now engaged, BitMart intends to provide a further update within the next three weeks on a rolling basis regarding user feedback channels, the collection of user concerns, and the action plan. BitMart, together with A&M, will conduct an assessment of BitMart’s current operations, evaluate BitMart’s assets and financial position and assess potential paths forward, including the details of a possible orderly resumption of operations and alternative options that have been put forward by interested third parties, and take into account user feedback in this process. In terms of immediate next steps: · We are fully aware that users have significant concerns regarding withdrawal arrangements, asset status, and subsequent related procedures. All relevant data must be subject to verification by an independent financial adviser before being disclosed externally to ensure its accuracy and authenticity. This is the reason we engaged A&M. To facilitate the centralized collection of user opinions and feedback, BitMart will establish a dedicated web portal as a unified channel for comments on our action plan and future direction. Feedback received will be carefully considered and evaluated, and will be incorporated into our ongoing assessment and planning efforts. The link to the web portal will be made available and announced to all users via an official notice within 5 working days. As for important issues of general concern expressed by users on the portal, we will respond to them in due course through subsequent announcements and communications. · BitMart also intends to appoint an independent third party in the near term to provide oversight of the company’s operations and safekeeping of assets during this period, helping to ensure that users’ interests remain protected. We fully understand that the withdrawal restrictions imposed over the past period have inevitably caused unease, disappointment, and even anxiety among our users. We understand the inconvenience this has caused, and we greatly value our users’ right to express their concerns through reasonable and lawful channels. At the same time, we sincerely call on all parties to maintain rational communication and to express their views and demands through lawful and appropriate means. We particularly hope to avoid any acts of harassment, threats, or invasion of personal privacy directed at individual employees. Over the past nine years, our users have always been the foundation of BitMart’s growth. Without our users, BitMart would not exist as it does today. At this stage, our primary focus is on addressing the issues at hand and developing a near-term action plan. With the support of advisers, we also intend to establish a more structured, transparent, and constructive framework for communication and engagement with our users, and will provide regular progress updates. Thank you for your continued patience and understanding while this work is undertaken. For any immediate inquiries about this announcement, please contact: AlvarezMarsal@bitmart.com BitMart Team 🔗
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Update Regarding BitMart’s Potential Restructuring and Business Resumption Plan Dear BitMart Users, We are writing to update you on developments further to our announcement dated 26 July 2026. We appreciate the community’s patience during this period. Following further discussions with members of the community, our stakeholders and professional advisers, BitMart is developing a potential restructuring plan as an alternative to a full wind-down. The potential plan may include the phased resumption of certain operations in an orderly manner alongside distributions to creditors, subject to further legal, financial, operational and regulatory assessment. To support this process, BitMart has appointed White & Case as its restructuring counsel. White & Case will work alongside BitMart’s other professional advisers to evaluate the available options and assist in developing the potential restructuring plan, including any framework for the phased resumption of operations. A roadmap is currently being developed together with our advisers and we will endeavour to provide a further update by no later than 9 September 2026. We will endeavour to provide further information to the community on a rolling basis as soon as it is available, and we ask for your patience and understanding while this work is carried out. We expect to consult with the community on any business resumption plan once it is launched. Please continue to monitor our official website, official mobile app, and official social media channels for further updates. As always, please remain cautious of scams and only rely on information from BitMart's official channels. We thank you for your continued trust and support. BitMart Team 🔗
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1. We have not disappeared, nor will we. 2. There are many rumors, including alleged disclosures and screenshots supposedly provided by former or current employees. Please do not believe unverified claims. 3. Our core team is still conducting an inventory and consolidation of assets, as well as performing system maintenance. Our goal is to ensure an orderly wind-down. Please wait for official announcements and updates. 4. We have not misappropriated any assets, nor have we taken any steps to withdraw funds early or evade our responsibilities. We are considering involving the courts and independent third-party auditors to provide a transparent report. Thank you all for your trust.
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⚽️ Predict. Trade. Win. 🏆 The BM Wallet FIFA World Cup 2026 Prediction Campaign is LIVE! 📅 Campaign Period: Jul 3 – Jul 31 🎁 3 Rounds • 1,000 USDT per Round 🎁 3,000 USDT Prize Pool How to Participate 👇 1️⃣ Sign Up Register on the campaign page 2️⃣ Predict & Trade Trade World Cup markets or any other prediction markets — all trading volume counts. 3️⃣ Rank in the Top 100 Reach 100+ USDT in trading volume and climb the leaderboard. 4️⃣ Wait for Results Winners will be announced on the official BM Wallet X account. 🚀 Start predicting and trading now! #BMWallet# #PredictionMarket# #FIFAWorldCup# #Crypto# #USDT# #Web3#
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Meet the Executives Shaping the Future of Digital Assets Angela Ang (@angelaonchain) - Managing Director, APAC & CEO, Singapore @BitGo Nenter Chow (@50Nent) - Global CEO @BitMartExchange Adriel Wong - Head of Institutions, Private Sector @trmlabs Rania Rahardja (@rrah622) - APAC Director @OndoFinance And many more to be announced! Get your tickets at ☀️
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Happy 250th Birthday, America! 🇺🇸
250 years ago, a bet on independence. Today, 250 years strong! Happy 4th of July, America 🇺🇸 Fireworks plans? Drop your city below 👇
I agree. The last move is often designed to break conviction, not the trend.
Without question $BTC is in the final stages of forming a bottom. We're printing identical structure to what we saw in 2022. This is the final meaningful leg to the downside. Any further deviation lower is likely to be manipulation before expansion.
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First time seeing the teaser. Lots of great discussions already. Looking forward to the full episode!
What happens when the exchange comes to the founders? Nenter Chow @50Nent, Global CEO of @BitMartExchange, is stepping onto a whole new stage — @CryptoknightsHQ Season 2! 🎬 Joining a panel of the sharpest minds in the industry: Brock Pierce @brockpierce — Futurist, Philanthropist & Co-creator of Tether Michael Terpin @michaelterpin — Godfather of Crypto & Co-founder of BitAngels Kyle Chasse @Kylechasse — Venture Architect & OG Crypto Investor Jaime Leverton @JaimeLeverton — CEO of ReserveOne Gavin Wolf @GavBlaxberg — CEO & Founder of WOLF Financial Randi Hipper @missteencrypto — CEO of Miss Teen Crypto The stage is set. Stay tuned. 🚀
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We still can do better
Seem like crypto neobank narrative has been gaining more traction lately. After my previous tier list, I got a ton of feedback with very different opinions on what actually matters when ranking these projects. A bunch of you also put me on to some under-the-water neobank plays I hadn’t come across before. So I went back and put together this updated Crypto Neobanks Tier List 2026, a more complete and refined version 👇🏻 ✨ S tier: – @cryptocom: 400+ crypto assets, Visa card, exchange, earn, fiat rails, and strong global brand. – @ether_fi: DeFi-native card with 75k+ active cards and $1M volume in the first 30 days. – @Nexo: Crypto card with highest spending volume (defillama) with $279M volume per month – @wirexapp: 130+ countries, Visa/Mastercard access, up to 8% Cryptoback, and yield products – @KASTxyz: 1M+ users and nearly $5B annualized transaction volume. ✨ A tier: – @RedotPay: Large user base and strong Asia payment angle, $58.7M payment volume last 30days – @useTria: 500k+ users across 180 countries and $150M+ processed volume. – @Plasma: the viral one currently with Plasma One wallet, 10% cashback on AI purchases for highest tier card – @Revolut: Still one of the strongest hybrid fintech apps if you already have access. – @BitMartExchange: Crypto card curated by Bitmart, the top tier exchange. 5% cashback on dining and grocery purchase – @itstuyo: smooth UI, unique feature: buy now pay later, currently has point program but no cashback – @BitgetWallet: also providing neobank card with $4.7M transfer volume last month ✨ B tier: – @AviciMoney: Solana-native self-custodial neobank with card – @BleapApp: Self-custodial crypto card app with Mastercard, zero FX fees, and cashback. – @gnosispay: Strong infra, but more niche and less consumer-mainstream compared to S/A tier. – @oobit: Tap-to-pay crypto app backed by Tether – @ready_co: Mastercard integration, zero fee on transactions but recently experienced Halt Service Outside EEA due to issuer – @MetaMask: the MOAT for metamask card is it has massive user base from the wallet but the card service seems like still far behind – @holyheld: building banking system anđ cash account with debit card and personal IBAN ($3.7M payment volume last month) ✨ C tier: – @Fiat24Official: Swiss-licensed onchain payment account with IBAN, Mastercard debit, and Arbitrum-based wallet experience – @KoloHub: Crypto card with BTC cashback instead of stablecoin – @Cypher_HQ_: crypto card with impressive spend volume ($7.8m last 30days) – @fasset: Multi-regulated financial super app with crypto, tokenized assets, and card direction. – @spritzfinance: Pay bills, shop, and off-ramp from its wallet with up to 5% cashback – @xapobankapp: Bitcoin-enabled private bank with strong security and USD/BTC focus.
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Congratulations, Chad. Six years ago, you joined BitMart. Today, you're leading BitMart US. One thing I'm especially proud of is seeing leaders grow from within. This isn't just a new title—it's the result of years of dedication, hard work, and trust from the team. Looking forward to seeing you lead BitMart US into its next chapter. Let's build together.
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Excited and humbled to share that I have been appointed CEO of BitMart US! 🇺🇸 @BitMartUS Grateful to our Group President @sheldonbitmart for the trust, and to every colleague I've worked alongside during my almost 6 years at @BitMartexchange. I've been fortunate to see this industry from almost every seat — running listings, business development, and partnerships globally, and later building out payments and BitMart Card. I've watched thousands of tokens launch, seen full market cycles play out, and worked with teams building this industry in every time zone. If those years taught me one thing, it's this: exchanges don't win on features, they win on trust, liquidity, and showing up for users through every cycle. They also showed me the biggest mismatch in crypto: for years, the most innovative products lived offshore, while the deepest pool of users — Americans — were left with a narrow menu. That's the opportunity I'm here for. BitMart US is a crypto platform operating across all 50 states, built so Americans can trade, earn, and spend crypto with confidence — with the product depth of a global exchange and the accountability of a company that answers to its users at home. We're early. Which means the decisions that matter most are still in front of us — what to build, who to serve first, what kind of company this becomes. After years of helping others make those calls, getting to make them myself is the privilege of a career. To everyone building in US crypto — founders, policymakers, partners, and community — my DMs are open. This industry runs on relationships, and I intend to build many more of them here. Let's get to work. 🛠️ Follow the journey: @BitMartUS
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You'll want to see this. BitMart CEO Nenter @50Nent is on the judging panel. Stay tuned. @CryptoknightsHQ 🎬
Self-custody. Your keys. Your assets. Your call. Your rewards.
Join BM Wallet Prediction Market! How much is your judgment worth? Predict event outcomes and profit when you're right (Available in Select Regions Only) Start here 👉 #BMWallet# #Prediction#
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One Wallet. One Gateway to Crypto and the future world. Self-custody, DEX, AI, Prediction Markets, and payments, etc. All in one standalone app. BM Wallet is now live worldwide.
📱BM Wallet is live worldwide No more switching tabs. One app for all: ▸ Self-custody — seed encrypted on-device, yours to back up ▸ Prepaid card — fund daily spend and AI platform subscriptions, all in one place ▸ Spot alpha faster — smart-money, signals in one place ▸ Swap on DEX — check route & slippage before you confirm ▸ Prediction Market - Forecast event outcomes and profit when you're right (Available in select reg Access now 👉
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