BitMart faces solvency concerns after co-founder alleges frozen withdrawals during phased shutdown

first published 2026-08-10T18:02:43Z

An OpenGradient co-founder said his market-making team cannot withdraw funds from BitMart and questioned the exchange’s solvency. BitMart said withdrawals remain available and its founder denied misuse of customer funds, but the exchange has not published a full proof-of-reserves report or confirmed whether any asset shortfall exists.

AI Analysis

The summary alleges frozen withdrawals and raises solvency concerns at BitMart, while noting no full proof-of-reserves report or confirmed asset shortfall has been released. This is negative for confidence in the exchange and can affect near-term trading behavior.

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BitMart faces insolvency claim over frozen withdrawals - Crypto News