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
I am now aware of $12,000,000 in user funds stuck on Bitmart.
The founder came out yesterday and said they have not ran away.
But I am finding it confusing as to why these funds are stuck, shouldn't it be easy to process customer withdrawals?
Bitmart Founder Responds After Shutdown Causes Withdrawal Issues
Following widespread user withdrawal issues and unpaid employee wages after Bitmart suspended operations, founder Sheldon broke his silence on X after several days, stating that he has not disappeared and that the core team is still conducting asset reviews, asset consolidation, and system maintenance. He said the goal is to complete an orderly wind-down and asked users to wait for further announcements. Sheldon denied misappropriating assets, withdrawing funds ahead of users, or fleeing, adding that the company is considering involving courts and third-party auditors to provide a transparent report.
What is really happening with @BitMartExchange ?
I sincerely hope that someone-regulators or independent analysts-will investigate BitMart’s current financial and operational situation and determine what is really happening with users’ funds.
@zachxbt@ai_9684xtpa@cz_binance
🚨BITMART ANNOUNCES FULL SHUTDOWN!
The centralized exchange has suspended new user registrations, deposits, and trading orders as of July 26, with all trading services set to end on August 26.
BitMart once ranked in the top 10 by 24-hour volume in 2021 and raised at a $300M valuation from Fenbushi and Hack VC. It suffered a nearly $200M hack later that year.
Its platform token $BMX has plunged roughly 63%.
On August 3, I received this message from a regular user who has been waiting 11+ days for their BitMart withdrawal, with zero response.
BitMart announced they’re closing, so this person immediately submitted a withdrawal for their remaining funds in SPX, Toshi, Griffin, Labubu and others. They’ve followed up with multiple support tickets, but still nothing. No funds and no clear update.
They bought near ATHs and some of these tokens are now down around 95%. They’re not asking BitMart to recover those losses. They simply want access to the remaining value of the tokens that still belong to them.
This is a regular person working 60 hours a week who says they put around 30% of every paycheck into this portfolio for years. It represents real work and sacrifice.
And they’re not alone. Other users are also reporting withdrawal problems as BitMart winds down.
@BitMartExchange, please process this withdrawal or at least provide a clear update.
If you can RT, quote, tag BitMart, or simply amplify this so they see it, it would mean a lot.
Full message in the screenshot.
On August 3, I received this message from a regular user who has been waiting 11+ days for their BitMart withdrawal, with zero response.
BitMart announced they’re closing, so this person immediately submitted a withdrawal for their remaining funds in SPX, Toshi, Griffin, Labubu and others. They’ve followed up with multiple support tickets, but still nothing. No funds and no clear update.
They bought near ATHs and some of these tokens are now down around 95%. They’re not asking BitMart to recover those losses. They simply want access to the remaining value of the tokens that still belong to them.
This is a regular person working 60 hours a week who says they put around 30% of every paycheck into this portfolio for years. It represents real work and sacrifice.
And they’re not alone. Other users are also reporting withdrawal problems as BitMart winds down.
@BitMartExchange, please process this withdrawal or at least provide a clear update.
If you can RT, quote, tag BitMart, or simply amplify this so they see it, it would mean a lot.
Full message in the screenshot.
BIG WARNING: An exchange has frozen more than $600,000 of my money, with no explanation. They might be on verge of bankruptcy.
I fear they are next in line after BitMEX & BitMart.
The opportunity: If you’re a news agency, reach out in DM, I’m happy to tell the story publicly now.
This exchange will is committing fraud. We have the proof in our documents.
BIG WARNING: An exchange has frozen more than $600,000 of my money, with no explanation. They might be on verge of bankruptcy.
I fear they are next in line after BitMEX & BitMart.
The opportunity: If you’re a news agency, reach out in DM, I’m happy to tell the story publicly now.
This exchange will is committing fraud. We have the proof in our documents.
🎉 HASHOO Sticker Party Week
💜 Chat. Sticker. Chia sẻ. Nhận thưởng $50!
Tham gia @HashKey_Global HASHOO Sticker Party và có cơ hội nhận 50 USDT!
📅 Thời gian diễn ra
01/08/2026 – 07/08/2026 (UTC+7)
🎁 Giải thưởng
Tổng giải thưởng: 50 USDT
🏆 05 người may mắn sẽ nhận 10 USDT mỗi người.
Người chiến thắng sẽ được quay ngẫu nhiên từ tất cả người tham gia hợp lệ sau khi sự kiện kết thúc.