BitMart, a Cayman Islands-based crypto exchange, has proposed a court-approved repayment plan for users affected by a $319.5 million hack in December 2021. The plan involves converting user balances to a dollar value based on July 26, 2026 prices, allowing users to choose between a pro-rata payout in fiat or stablecoins, or conversion into new tokens representing potential recoveries and future profits. The proposal, advised by Alvarez & Marsal and White & Case, will seek court approval by December 2026 or January 2027 after feedback from the exchange's 50 largest users. This marks a significant step toward resolving the long-standing financial shortfall caused by the hack, though no payouts will occur until the court sanctions the plan.
BitMart's court-backed repayment plan for users affected by the 2021 hack is the subject here. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 01, 2026 18:44 WIB: out of 50 priced major cryptocurrencies tradable on Pluang, 19 rose and 30 fell today. Notable moves include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and EOS (EOS.IO) up 8.13% at Rp12.649.
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