BitMart has proposed a court-approved plan to compensate users with unsettled balances by converting their account values into U.S. dollars based on token prices from July 26, 2026. Users can choose distributions in fiat, stablecoins, and liquid assets like Bitcoin, Ether, and Solana, or opt for recovery tokens backed by proceeds from the 2021 hack and other assets. This follows BitMart's financial shortfall due to a tough crypto market, trading losses, panic withdrawals, and a major 2021 hack causing $319.5 million in losses. BitMart will consult its top 50 users and publish estimated recovery rates in the coming weeks.
BitMart's plan to address unsettled balances is presented here with Pluang's crypto market data for context. As of Oct 01, 2026 06:22 WIB, 18 of 50 major cryptocurrencies rose while 31 fell. Notable movers include LINK at Rp257.512 with a 1-day change of -2.71% and a typical hold time of 63 days, SNX at Rp4.493 down 2.13%, and BAT at Rp1.594 down 2.10%.
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