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BitMart appoints Alvarez & Marsal to review finances amid trading halt and withdrawal issues

Market News
09 Sep 2026
Crypto news
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Bearish
BitMart appoints Alvarez & Marsal to review finances amid trading halt and withdrawal issues

BitMart has appointed Alvarez & Marsal as its financial adviser to assess its financial position, stakeholder claims, and withdrawal arrangements following a trading halt announced on August 26. The exchange is reviewing possible paths including an orderly wind-down, phased restart, or third-party proposals but has not provided audited asset figures or a repayment schedule. BitMart plans to launch a user feedback portal within five business days and aims to announce an action plan within three weeks. Until then, key details on asset status, withdrawal timelines, and creditor recoveries remain unclear, leaving users uncertain about their funds and the exchange’s future.

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