BeInCrypto(@beincrypto):BitMart Exchange is under fire over frozen withdrawals, with users demanding to know where their money is. CEO Sheldon Lee says the accusations are “fabricated rumors,” but users are asking for verifiable reserves and a repayment plan by August 19. Former staff say they’re still waiting on salaries too. Meanwhile, on-chain sleuth @zachxbt questioned why BitMart isn’t simply returning the funds if it has the liquidity to do so.

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BeInCrypto@beincrypto

2026.08.17 11:36

BitMart Exchange is under fire over frozen withdrawals, with users demanding to know where their money is. CEO Sheldon Lee says the accusations are “fabricated rumors,” but users are asking for verifiable reserves and a repayment plan by August 19. Former staff say they’re still waiting on salaries too. Meanwhile, on-chain sleuth @zachxbt questioned why BitMart isn’t simply returning the funds if it has the liquidity to do so.