That's my current BitMart balance. I’m not going to let these cowards stab me in the back without seeing it coming. I already filed my complaint in France, and will do the same anywhere else !
#Bitmart@bitmart_scam@travladd
🚨BREAKING: BitMart founder denies an explosive letter attacking management, claiming hackers posted it through the company’s Chinese X account.
An open letter, apparently posted by employees, demanded answers from Sheldon Xia and Yi Li by August 19 about:
- Where users’ money went
- Why withdrawals were restricted
- Accounts allegedly linked to management
- Allegedly unpaid employee wages
- How and when users will be repaid
It threatens to send its evidence to regulators and police if management fails to respond.
Xia said the account was "hacked" and that the letter was "not posted by any current employee."
This comes amid BitMart’s shutdown, as users report they cannot access their balances.
Sheldon, maybe it’s time to stop telling people fairy tales?
Where is my $10 million? Where is the money belonging to tens of thousands of other users who say they cannot withdraw their funds?
You’re talking about the police and investigations — but users need answers to the most basic questions first: Where is their money, and why aren’t withdrawals working?
And who exactly are you planning to file a police report against? The users who have been left without access to their money because of the situation at BitMart? The people who are simply demanding access to funds that belong to them?
If everything is really as you claim, show the evidence. Explain publicly where customer funds are, why people cannot withdraw them, and when every user will regain access to their assets.
If there are suspicions that customer funds were misappropriated or moved without their consent, that is exactly what law enforcement should investigate.
WHERE IS MY $10 MILLION? WHERE IS EVERYONE ELSE’S MONEY?
Affected users should preserve screenshots, transaction histories, TXIDs, wallet addresses, and support communications, and file reports with the police and relevant authorities.
People don’t need more fairy tales. They need their money and verifiable answers.
The victims of the Bitmart situation are not going to go away @BitMartExchange
Release a statement surrounding why millions of dollars are unable to be withdrawn.
🚨 BITMART WITHDRAWAL SHUTDOWN — NEW TESTIMONY FROM A FORMER EMPLOYEE
I spoke with a former BitMart employee who described what, according to her, happened inside the company immediately before and after the July 26, 2026 wind-down announcement.
Her testimony raises serious questions about when BitMart leadership learned about the shutdown, who controlled the company afterward, and why even BitMart employees reportedly could not withdraw their own funds.
‼️ WHAT HAPPENED
According to the former employee:
• Until July 24, employees continued working normally. Livestreams, listings and other activities were scheduled for the following week. Ordinary employees reportedly had no advance knowledge of the shutdown.
• On July 24, she was unexpectedly instructed to hand over access to corporate social-media accounts by Sunday. She says weekend deadlines like this had never previously been imposed.
• On July 26, employees discovered that their work access had been disabled and communication through Lark — BitMart's internal workplace messenger — was largely blocked.
• Employees used an internal support channel to ask for help withdrawing their own funds from BitMart. According to her, there was no response at all, although this channel had previously operated 24/7.
• About two days later, employees were told they would be removed from Lark and should contact BitMart by email. According to her, those emails received no response either.
According to this testimony, even BitMart's own employees were unable to withdraw their funds after July 26.
⚠️ UNPAID SALARIES & SHELDON XIA
The former employee says she was repeatedly promised payment by August 10. When it did not arrive, she says she was told that the payment had not received approval from Sheldon Xia.
If confirmed by internal records, this raises questions about the level of financial control Sheldon Xia retained after July 26.
🔴 KEY PEOPLE & ROLES
Sheldon Xia — Founder / Group President
Key question: What control did he retain over payments, wallets and operations?
Terrence Lee — Co-founder / CPO
Publicly stated that he knew nothing about the shutdown and reportedly left on July 31, five days after the announcement.
Chad Liang — BitMart US
What responsibilities and information did he have?
Claudia — Head of HR
What information and instructions did HR receive from management?
Pamela Grace Fernandez — Finance
What role did she have in financial operations and payments?
Effie Wang — Payroll Communications
What role did she have in communications concerning outstanding payments?
Ray & Sophia — Finance Leaders
What authority and access did they have over financial operations?
Chenkai Li — Management / Operations
Reportedly requested corporate access from employees. Who instructed him and who received that access?
Gavin — APY Strategy
His alleged role involving unusually high-APY products should be examined.
Tony — VIP Manager
What did he know about withdrawal problems and communications with VIP clients?
Nenter Chow — Global CEO
Appointed Global CEO in April 2025, with responsibility for BitMart’s global operations and management. What did he know about the withdrawal problems and shutdown, and what authority did he have when the crisis developed?
❓ KEY QUESTIONS
• When did senior management learn about the shutdown?
• Who controlled BitMart's wallets and withdrawals after July 26?
• Why were corporate accesses transferred immediately before the announcement?
• Why couldn't even BitMart employees reportedly withdraw their own funds?
• What happened to customer assets after withdrawals became restricted?
• Where are the customer assets now?
⚠️ PRESERVE THE EVIDENCE
Lark conversations, emails, HR/finance communications, internal screenshots, withdrawal histories, TXIDs, wallet addresses and blockchain records should be preserved and provided to lawyers, regulators and law-enforcement authorities.
@BitMartcase@sheldonbitmart 🏛️ File a US CFPB complaint against #BitMart:
Go to https://t.co/bi1qjpgkfL
Select: "Virtual currency" & click YES to bypass filter
Manually add company: BitMart Inc. (Spread Thru Post Inc.)
Address: 9430 Research Blvd, Suite 1-120, Austin, TX 78759
Use your UID!
Hey everyone — and a special hello to @sheldonbitmart and the wonderful BitMart team.
I normally wouldn’t post something like this, but I’m out of options.
At the time, I had around $10.1 MILLION on BitMart. Since July 26, I haven’t been able to withdraw single dollar.
On July 26, my BitMart VIP manager Tony deleted his Telegram account — but I still have our entire chat history and every message. Other members of the team disappeared or deleted their accounts too.
Before this, you guys were always there — answering messages, reassuring us, sharing internal information about the platform, and telling us everything was under control.
And now? Silence.
So Sheldon, Tony, and everyone at BitMart:
WHERE IS OUR MONEY?
If the funds are safe, tell us what’s happening. Why aren’t withdrawals being processed? When are we actually getting our money back? Tens of thousands of people have been waiting for their funds since July 26.
You had plenty to say before. Now we need answers, not silence.
Please repost until we get an answer.
#BitMart #Sheldon #SheldonBitmart #crypto
Hey everyone — and a special hello to @sheldonbitmart and the wonderful BitMart team.
I normally wouldn’t post something like this, but I’m out of options.
At the time, I had around $10.1 MILLION on BitMart. Since July 26, I haven’t been able to withdraw single dollar.
On July 26, my BitMart VIP manager Tony deleted his Telegram account — but I still have our entire chat history and every message. Other members of the team disappeared or deleted their accounts too.
Before this, you guys were always there — answering messages, reassuring us, sharing internal information about the platform, and telling us everything was under control.
And now? Silence.
So Sheldon, Tony, and everyone at BitMart:
WHERE IS OUR MONEY?
If the funds are safe, tell us what’s happening. Why aren’t withdrawals being processed? When are we actually getting our money back? Tens of thousands of people have been waiting for their funds since July 26.
You had plenty to say before. Now we need answers, not silence.
Please repost until we get an answer.
#BitMart #Sheldon #SheldonBitmart