Bitmart founder Sheldon addresses shutdown, confirms orderly wind-down amid user withdrawal halts and unpaid wages.
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Following suspension of operations at Bitmart, founder Sheldon addressed the exchange's closure after several days of silence, denying allegations of asset misappropriation, advance withdrawals, or departure. He stated that the core team is conducting asset reviews, consolidation, and system maintenance, with an aim toward completing an orderly wind-down. The shutdown triggered widespread user withdrawal blocks and unpaid employee wages.
Sheldon indicated the company is exploring involvement of courts and third-party auditors to produce a transparent accounting report. Users have been asked to await further announcements as these review processes proceed. The exchange has not disclosed timelines, asset figures, or the scope of affected user balances or employee obligations.
What remains unclear is the underlying cause of the shutdown, the timeline and feasibility of the proposed wind-down, whether any user or employee funds will be recovered, and what role external auditors or courts may ultimately play in the resolution process.