Lanzo

Just simple & Calm

[cPen Network @cPenCoreTeam]

We hear your concerns. Many users are reporting a high minimum withdrawal amount and a high CPEN withdrawal fee.

These limits and fees are set entirely by BitMart, not cPen. We have contacted BitMart and asked them to reduce both, especially because the flat fee affects users with smaller balances the most.

We will share an update if BitMart makes any changes.

[cPen Network @cPenCoreTeam]

Hi #cPenNetwork community,

⚠️ Important notice for community members who hold CPEN on BitMart or have saved a BitMart deposit address in the cPen app

On July 26, 2026, BitMart announced that it had begun an orderly wind-down of its trading-platform operations.

This is BitMart’s independent business decision and is unrelated to cPen. However, some community members currently hold CPEN on BitMart or registered a BitMart deposit address with us, so please read this announcement carefully.

Official BitMart notice:
https://t.co/b5bHcOQxqx

Key dates

All times are UTC:

• July 26, 2026, 01:30: BitMart began gradually suspending cryptocurrency and fiat deposits, new-user registrations, and new trading orders.

• August 26, 2026, 01:00: All spot, futures, and other trading services will end.

• August 26, 2026, 05:00: BitMart’s recommended deadline for submitting withdrawal requests.

• January 31, 2027, 15:59: BitMart plans to cease its trading-platform operations.

January 31 is not currently stated as the final withdrawal deadline. BitMart says users will retain limited account access for a specified period afterward to review records and submit withdrawal requests under the procedures in effect at that time.

However, requests submitted after the recommended August 26 timeframe will enter a separate processing procedure and may require additional documentation.

Please do not wait until the last minute.

BitMart warns that withdrawals may be delayed by identity verification, account-security checks, source-of-funds reviews, sanctions screening, blockchain congestion, or high withdrawal volume.

Is CPEN affected?

The CPEN token itself is not affected.

The CPEN token contract, PancakeSwap liquidity pool, cPen app, and ongoing buyback program continue operating as before.

Nothing about CPEN itself changes because a centralized exchange is winding down. The change is that BitMart will eventually no longer be a place where CPEN can be traded or held.

Why is CPEN priced much lower on BitMart?

As BitMart’s deposit and trading restrictions take effect, its CPEN market is becoming increasingly isolated from the broader market.

Reduced liquidity, limits on incoming assets and new orders, and uncertainty surrounding withdrawals can cause prices on a closing platform to diverge significantly from prices elsewhere.

For an open, on-chain CPEN price reference, community members can check PancakeSwap on BNB Smart Chain.

If you hold CPEN on BitMart

You generally have two possible options, depending on which BitMart services remain available to your account.

Please understand both before acting. This information is provided for awareness and is not financial advice.

Option 1: Withdraw your CPEN to a self-custody wallet

This allows you to keep your CPEN instead of selling it at BitMart’s currently discounted price.

Before confirming a withdrawal:

• Confirm that CPEN withdrawals are currently available
• Select BNB Smart Chain/BEP-20 if BitMart shows that network
• Use a compatible self-custody wallet, such as MetaMask or Trust Wallet
• Make sure the sending and receiving networks match
• Carefully verify the complete destination address
• Review the withdrawal fee and minimum withdrawal amount

Withdrawal availability, fees, processing times, and compliance reviews are controlled entirely by BitMart.

Option 2: Sell on BitMart where new orders remain available

BitMart is gradually suspending new spot orders, so this option may not remain available for every market throughout the wind-down period.

Where trading is still available, you may choose to sell before all trading services end on August 26 at 01:00 UTC, and then withdraw the resulting asset.

Please be aware that you would be accepting the price available on BitMart. At the time of the post, that price was approximately 42% below the PancakeSwap price.

Whatever you decide, BitMart recommends submitting withdrawal requests before August 26 at 05:00 UTC.

Update exchange deposit addresses in the cPen app now

⚠️ If the BSC wallet address saved in your cPen app is a BitMart deposit address, or a deposit address from any centralized exchange, please replace it as soon as possible.

The wallet address saved in the cPen app will be used for future token distributions, including the upcoming INK distribution.

BitMart has begun gradually suspending deposits. It warns that assets deposited after the applicable deposit service has been suspended may not be automatically credited.

How to update your address

1️⃣ Create or open a self-custody wallet, such as MetaMask or Trust Wallet.

2️⃣ Select BNB Smart Chain and copy your wallet address beginning with 0x.

3️⃣ Open the cPen app and go to the Wallet page.

4️⃣ Replace the exchange deposit address with your self-custody address.

5️⃣ Double-check the complete address before saving.

Please update your address now rather than waiting for the INK distribution.

As previously announced, INK will not be listed on any centralized exchange.

Never use an exchange deposit address for the INK distribution. Use only a compatible self-custody wallet where you control the private keys.

Did the BitMart announcement affect the CPEN price on PancakeSwap?

It appears to have contributed, yes.

The PancakeSwap chart shows a significant price decline following BitMart’s wind-down announcement. This suggests that the announcement and the market’s reaction to it created additional uncertainty and selling pressure across the broader CPEN market.

Simply withdrawing CPEN from BitMart to a self-custody wallet does not affect the PancakeSwap price.

However, when withdrawn CPEN is subsequently sold on PancakeSwap, those sales add direct sell pressure to the on-chain market. Other holders may also sell in reaction to the BitMart news, even if they do not use BitMart themselves.

Based on the timing of the price movement, we believe the BitMart announcement was a contributing factor. However, we cannot confirm that it was the only cause or determine exactly how much of the decline resulted from it.

The amount of CPEN held on BitMart is limited, but we cannot predict how long the market impact will last or how prices will move.

Nothing has changed with the CPEN smart contract, PancakeSwap liquidity pool, cPen app, or ongoing buyback program.

We cannot and will not make price predictions. What we can confirm is that the cPen project and its programs continue operating as before.

Stay safe; scammers target exchange shutdowns

Exchange closures commonly lead to fake “migration,” “recovery,” “compensation,” and “priority withdrawal” scams.

• The cPen team will never DM you first.

• We will never ask for your seed phrase, private keys, passwords, authentication codes, or a “verification deposit.”

• There is no special CPEN migration, compensation wallet, or paid recovery service.

• For information about cPen, CPEN, or the INK distribution, trust only official cPen accounts and announcements inside the cPen app.

• For BitMart balances and withdrawals, begin only from https://t.co/0UckP4tKtW or the official BitMart app.

• BitMart says it does not offer paid priority withdrawals or expedited processing channels and will never ask for private keys, recovery phrases, passwords, or authentication codes.

BitMart’s official verification tool:
https://t.co/Oe0QHJ8gnS

Please protect your assets, verify every address and network carefully, and take action early.

cPen Team
A small team with a big dream

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