DSV

[King David @KingDavid21973]

Bitmart tracker update on filed claims or reports submitted. Chat GPT

BitMart update — September 2, 2026: There is one substantive new legal development.
On September 1, Sonn Law Group announced that it has opened an investigation into potential claims and recovery options for BitMart customers with $500,000 or more trapped or inaccessible on the exchange. The investigation specifically covers BitMart's withdrawal restrictions, its restructuring, the corporate entities involved, the custody and location of customer assets, BitMart's U.S. connections, and potential avenues for recovering customer funds. �
Sonn Law Group
This is significant because it is the first new U.S. legal investigation I found since the previous check specifically aimed at recovering inaccessible BitMart customer assets. The firm also flags the possibility that customers' rights could be affected by a future restructuring or creditor-claims process. �
Sonn Law Group
Sonn Law Group's BitMart investigation announcement⁠�
Separately, BitMart did proceed with its previously announced August 26 trading shutdown, while reports of inaccessible withdrawals continued. BitMart still has not publicly disclosed its reserve total, liability total, recovery percentage, claims register, or timetable for resolving pending withdrawals. �
https://t.co/V2OoVQZtas +1
I found no newly announced SEC, CFTC, DOJ enforcement action or formal U.S. insolvency proceeding against BitMart in this check. The next major date remains September 9, when BitMart has said it will provide its restructuring roadmap. �
https://t.co/HefA2DGDDi

[DSV @dsv373]

@BitMartExchange I need to withdraw my funds!

[Crypto Coin World @CCWCryptos]

🚨 BITMART — WHERE IS OUR MONEY?

Withdrawals pending since 26 JULY 2026. We deposited our funds, paid withdrawal fees, and now we’re waiting.

No more excuses. No more silence.

💰 RELEASE OUR FUNDS NOW.

@BitMartExchange — USERS WANT THEIR MONEY BACK.
@sheldonbitmart

[Bithunt @Bithunt_io]

🔴BITMART UPDATE: THE SITUATION KEEPS GETTING WORSE🔴

Over two weeks since BitMart announced its shutdown. Instead of the promised "orderly wind-down" — chaos, frozen accounts, and tons of conflicting information.

Here's what we know today ⬇️

---

1. Founder denies "exit scam" — but provides zero proof

On August 8, Sheldon Xia broke his silence, claiming BitMart "has not disappeared and will not disappear." He said the team is conducting an asset inventory.

But he did not publish Proof of Reserves, did not disclose asset amounts, and did not provide a withdrawal timeline — just empty promises.

---

2. Cayman Islands: BitMart was NEVER registered as an exchange

CIMA officially confirmed: BitMart, GBM Global Inc., Bachi Tech Ltd., and related entities have never been registered, licensed, or regulated in the Cayman Islands.

Yet BitMart listed the Cayman Islands as its legal address and in its user agreement.

---

3. Insolvency allegations and "liquidity trap"

Market makers and projects are sounding the alarm:

· OpenGradient stated their funds are stuck on BitMart. Co‑founder Matthew Wang called the exchange "insolvent."
· Scandic Coin reported unresolved withdrawal requests totaling $21,898 USDT, 926,635 SNC, and more.
· According to Wang, one week before the shutdown announcement, BitMart was offering a six‑month asset lockup program at 15% APY — to collect the last liquidity before the collapse.

---

4. $10.1M frozen — VIP managers disappeared

User BeardStaff reported he hasn't been able to withdraw $10.1 million since July 26. His VIP manager Tony deleted his Telegram account on the day of the shutdown announcement.

According to BitMart's Telegram channel, 150,000 people cannot get their money back.

---

5. BitMart architect reveals details: CEO learned about his firing from the news

Global CEO Nenter Chow was fired on July 24 — two days before the public announcement. He was not involved in the shutdown decision and learned about it from public statements.

Just weeks before the collapse, Chow publicly stated: "The next 8 years, we'll still be here."

---

6. Reserves? 66% in low‑liquidity tokens

BitMart's public wallets show ~$36M. But the majority is in tokens with near‑zero liquidity. Selling them without crashing the price is impossible.

---

7. Withdrawals — just "drips"

Over the past few hours, the hot wallet processed SOL transactions of 400 — all to exchange deposit addresses, not to users' personal wallets. This looks like asset draining, not payouts.

---

WHAT TO DO IF YOU HAVE FUNDS ON BITMART?

1. Join our Telegram chat for affected users — coordinate actions, share experiences, prepare collective appeals to regulators:
🔗 https://t.co/hJLpUlIlsx

2. Leave a negative review about BitMart on https://t.co/L0nBBx1KCu — your story will warn others and create public pressure:
🔗 https://t.co/93sQUaWkrE

3. Repost this tweet and tag key crypto industry players in the comments: @binance @kraken @coinbase @okx @bybit @cz_binance, as well as crypto media @CoinDesk @Cointelegraph @WuBlockchain. The more noise, the higher the chance regulators will take notice.

---

Choose where to keep your crypto wisely. Use our exchange reliability ranking:
🔗 https://t.co/oJgg5uzISK

[DSV @dsv373]

@BitMartExchange I need to withdraw my funds!

[DSV @dsv373]

@BitMartExchange Bitmart won't let us withdraw our money. 😡😡😡😡😡

[Khaled Ajami ⚡️ @kdajami]

Thousands of @BitMartExchange users are facing frozen withdrawals during platform shutdown. Support is completely dark.
​@cz_binance @richardteng @binance — please step in, help save BitMart users, and show true crypto leadership 🙏

[Crypto Coin World @CCWCryptos]

🚨 ATTENTION: ALL PROJECT OWNERS LISTED ON BITMART

Project owners need to raise their voices NOW.

Your tokens and coins are listed on BitMart, and your communities are being directly affected by the ongoing withdrawal issues. Users are reporting that withdrawals have not been processed, leaving holders unable to access their assets.

This is no longer just an individual user problem — it is a serious issue for every project and its holders.

Project teams should demand clear answers from BitMart:

🔴 Why are legitimate withdrawals still pending?
🔴 Where are users’ funds?
🔴 What is the exact withdrawal processing timeline?
🔴 Why has there been insufficient transparency?

Project owners: stand with your holders. Speak up, demand answers, and protect your communities.

@BitMartExchange — the crypto community deserves transparency, accountability, and immediate action.

#BitMart #BitMartExchange #Crypto #CryptoCommunity #TokenProjects #Withdrawals

[Crypto Coin World @CCWCryptos]

🚨 BITMART — USERS DESERVE ANSWERS!

Why are withdrawals being processed randomly? Some users appear to receive higher-value withdrawals while others remain stuck without clear explanation.

This situation raises serious questions about how user funds are being handled. If there is a technical issue, BitMart must explain it transparently and provide a clear withdrawal timeline.

@BitMartExchange — Where are the answers?

And where is the founder? Users need a direct, transparent clarification—not silence.

Stop keeping users in the dark. Release withdrawals, explain the fund movements, and provide full transparency.

@BitMartExchange
@sheldonbitmart
@BitMart_SA
#BitMart #Crypto #Withdrawals #Transparency #CryptoCommunity

[Crypto Coin World @CCWCryptos]

🚨 This is a crisis for the crypto industry.

BitMart users have been left waiting for their withdrawals with no clear timeline, no meaningful communication, and no transparency.

If anyone in BitMart's leadership has answers, they must come forward now. If any industry partners or relevant parties have information that could help users understand the situation, they should not remain silent.

Trust is earned through transparency—not silence.

Every delayed withdrawal damages confidence in the entire crypto ecosystem. Users deserve immediate answers, regular updates, and access to their funds as soon as possible.

We will continue to demand transparency, accountability, and fair treatment for every affected user.
@BitMartExchange
@BitMart_SA
@sheldonbitmart
@cz_binance
@binance

For Discussions join Telegram channel: https://t.co/BRwVZ0g8lO

#Crypto #Transparency #Accountability #Withdrawals #bitmartscam
#bitmart

[DSV @dsv373]

@BitMartExchange hasn't allowed me to withdraw my funds for fsix days now!!!😡🤬😡

[DSV @dsv373]

@BitMartExchange @BitMartExchange
hasn't allowed me to withdraw my funds for five days now!

[Unknown by Design @StephenR35091]

🚨 PUBLIC REQUEST FOR VERIFIED BITMART LEADERSHIP CONTACT INFORMATION 🚨
Verified BitMart customers are seeking a legitimate, professional escalation channel regarding:
• Frozen withdrawals
• Restricted transfers
• Prolonged compliance reviews
• Unresolved customer-support cases
• Lack of clear explanations or resolution timelines
BitMart’s July 26 notice announced an orderly wind-down of its global trading platform and directed customers to the Help Center and support-ticket system.
However, customers with unresolved restrictions now need access to a genuine executive-escalation channel—not repeated automated responses, unexplained delays or support conversations that end without meaningful assistance.
REQUESTED PUBLIC BUSINESS CONTACT INFORMATION
We are requesting verified, publicly available professional contact information for:
• Sheldon Xia — BitMart Founder and Group President
• Chad Liang — CEO of BitMart US
• Daniel Huang — Chief Operating Officer of BitMart US
• The current acting CEO or senior executive responsible for BitMart Global operations
• BitMart’s legal counsel or legal department
• BitMart’s compliance leadership
• An executive customer-relations or consumer-escalation department
• Nenter Chow, former Global CEO, solely for clarification regarding the recent leadership transition
Public information indicates that Nenter Chow’s CEO role ended in July 2026. He should therefore not be inaccurately identified as BitMart’s current Global CEO.
This request is limited to verified, publicly available business contact information. It is not a request for private addresses, personal telephone numbers or other nonpublic information.
Customers deserve:
• Direct answers
• Transparent review timelines
• Meaningful executive escalation
• Clear explanations for account restrictions
• Timely access to their lawful assets
@BitMartExchange @BitMartSupport @BitMartResearch @BitMart_Futures @sheldonbitmart @50Nent
#BitMart #BitMartCustomers #FrozenWithdrawals #CryptoConsumerProtection #CustomerFunds #CryptoAccountability

[DSV @dsv373]

@BitMartExchange @BitMartExchange hasn't allowed me to withdraw my funds for five days now!

[Unknown by Design @StephenR35091]

🚨 BITMART CUSTOMERS WORLDWIDE—PLEASE TRANSLATE AND SHARE.
I spent over 12 hours waiting for support yesterday. Every day, an agent joins the chat, says nothing, and disconnects. All my transfers are frozen, and customer service refuses to provide any answers.
BitMart must immediately explain why verified customers cannot access or transfer their funds.
I hope everyone responsible is identified and held accountable. If customers are being defrauded, those involved must be investigated, prosecuted, and—if convicted—sent to prison.
Official and regional BitMart accounts are tagged below.
#BitMart #FrozenFunds #FrozenWithdrawals #WhereIsOurMoney
REPLY 1 — TAG EVERY ACCOUNT
@BitMartExchange @BitMartUS @BitMartResearch @BitMart_Futures
@BitMart_SA @BitMart_India @BitMart_VN @BitMartNigeria
@BitMartIndo @BitMart_DE @BitMart_PT @BitMart_es
@BitmartTurkish @BitMart_CIS @BitMart_zh
Customers worldwide deserve immediate answers. Please translate, repost, and tag your local BitMart representatives.

[Unknown by Design @StephenR35091]

🚨 BITMART CUSTOMERS WORLDWIDE—PLEASE TRANSLATE AND SHARE

Customers around the world are reporting frozen transfers, unanswered support requests, and agents joining live chats only to disconnect without providing assistance.

BitMart must immediately explain why verified customers cannot access or transfer their funds. Customers deserve transparency, clear answers, and access to their own assets.

Everyone responsible must be identified and held accountable. If customers are being defrauded, those involved should be fully investigated, prosecuted, and—if convicted—sent to prison.

@BitMartExchange @BitMartUS @BitMartResearch @BitMart_Futures
@BitMart_SA @BitMart_India @BitMart_VN @BitMartNigeria
@BitMartIndo @BitMart_DE @BitMart_PT @BitMart_es
@BitmartTurkish @BitMart_CIS @BitMart_zh

Please translate, repost, and demand answers.

#BitMart #BitMartExchange #FrozenFunds #FrozenWithdrawals #CustomerFunds #WhereIsOurMoney

[DSV @dsv373]

@BitMartExchange This is nothing short of robbery! If the 20th largest exchange in the world could pull this stunt off so easily. This sets a precedent for other dishonest market participants: announce your closure and say goodbye to everyone!

[DSV @dsv373]

@BitMartExchange It’s nothing short of robbery! If an exchange ranked 20th globally can pull a stunt like this, what does that say about the others? It sets a precedent: announce a shutdown and say goodbye to everyone!

[DSV @dsv373]

@BitMartExchange It looks like BitMart intends to misappropriate users' funds. This could undermine trust in the entire crypto industry, and in centralized exchanges (CEXs) in particular.

[DSV @dsv373]

@BitMartExchange Withdrawals aren't working!