Alert: Reports of Cryptocurrency Exchange Bankruptcy Are Emerging!

cryptonews.ruPublicado a 2026-08-11Actualizado a 2026-08-11

Resumen

Reports are emerging about the cryptocurrency exchange BitMart facing bankruptcy. Matthew Wang, co-founder and CEO of OpenGradient, alleges that BitMart is experiencing difficulties with payouts. He states his team of market makers cannot access their account balances or process withdrawal requests on the exchange, raising serious questions about BitMart's financial health. Furthermore, Wang claims that approximately a week before the reported closure, BitMart approached token-issuing projects to run campaigns encouraging token holders to lock their assets on the exchange for a six-month period, promising an annualized return of about 15%. Wang characterized this last-minute move to lock user assets as a step taken to secure liquidity for the platform. He asserts that BitMart is now bankrupt and that OpenGradient cannot withdraw its funds.

Matthew Wang, co-founder and CEO of OpenGradient, stated that BitMart is experiencing difficulties with payouts, claiming that their market-making team is unable to withdraw funds held on the exchange.

Wang stated on social media that his team could not access balances on BitMart accounts and could not process withdrawal requests. The OpenGradient executive claimed this raises serious questions about BitMart's financial health.

Wang stated that the OpenGradient market-making team was unable to withdraw their funds stored on BitMart.

The OpenGradient CEO claimed the exchange was "going bankrupt" and that the company cannot withdraw its funds from the platform.

Reportedly, BitMart Demanded Token Holders Lock Up Their Assets.

Wang also stated that about a week before the announcement of the shutdown, BitMart was offering some projects using tokens to run campaigns encouraging token holders to lock their assets on the exchange.

A screenshot shared by Wang shows an account, apparently communicating on behalf of BitMart, offering token holders a six-month locked-staking promotion.

The posted message indicates that the campaign's annualized yield is approximately 15 percent and that one of the goals is to encourage long-term token holding and reduce selling pressure in the short term.

The OpenGradient CEO claimed BitMart used these promotional campaigns to encourage users to keep assets on its platform.

Wang characterized the move to ask token holders to lock their assets shortly before the exchange's closure as "a step taken to secure liquidity".

*This is not investment advice.

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Preguntas relacionadas

QWhat did Matthew Wang, co-founder and CEO of OpenGradient, claim about BitMart's financial situation?

AMatthew Wang claimed that BitMart is experiencing difficulties with payouts and alleged that their market maker team cannot withdraw funds held on the exchange, raising serious questions about BitMart's financial health. He stated that the exchange is "bankrupt" and that his company cannot withdraw its funds from the platform.

QWhat specific issue did the OpenGradient market maker team face regarding their BitMart accounts?

AThe OpenGradient market maker team was unable to access the balances in their BitMart accounts and could not process withdrawal requests, leading to their funds being stuck on the exchange.

QWhat action did BitMart reportedly take concerning token holders shortly before its reported closure?

AAccording to the article, BitMart reportedly approached some token-using projects to run campaigns urging token holders to lock up their assets on the exchange, offering a locked-staking promotion with an approximate 15% annual return.

QWhat was the stated purpose of BitMart's campaign to encourage token locking, according to the message cited in the article?

AThe stated purpose of the campaign was to encourage long-term holding of tokens and to reduce selling pressure in the short term.

QHow did Matthew Wang characterize BitMart's request for token holders to lock assets shortly before closure?

AMatthew Wang characterized this move as "a step taken to secure liquidity."

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