11/11
If these reports are accurate:
• Liquidity problems existed
• Withdrawals were restricted
• ~$40M was raised through high-yield deposits
• Trading volumes remained huge
• Some insiders allegedly exited early
Too many coincidences.
The BitMart story is far from over.
🚨 BitMart raised ~$40M through high-yield deposits and then announced a shutdown.
A crypto exchange with 9 years of history.
The official story says "planned wind-down."
But former employees and the ex-CEO suggest something very different.
🧵
10/11
Another mystery:
Former employees claim Amy became the key decision-maker before the collapse.
https://t.co/cnqPVGDM61
Two employees linked her to Bybit China.
Amy says she never worked at BitMart.
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@VitalikButerin@IOHK_Charles@gavofyork@toly@stablekwon@StaniKulechov@tarunchitra Founders & visionaries (p5):
@adam3us – Blockstream co-founder, implemented sidechain technology and Lightning Network.
Every project has its own creators. If you store money in any blockchain project, it’s worth following its founders to stay informed about updates, decisions.
If you actually want to get crypto and know what’s going on, you need to follow the right people on X.
To make it simple, I’ve split everyone into groups.