BitMart has proposed a court-backed plan to repay users affected by its 2021 hack, which caused a $319.5 million loss. Users can choose an upfront payout from liquid assets, a Restitution Token backed by recovered hack funds, or a Continuum Token tied to BitMart’s future business prospects. The exchange aims to finalize the plan with court approval by early 2027 after consulting major users and adjusting based on feedback. This move follows years of financial strain worsened by market conditions and exploitative trading practices, with bankruptcy still a possibility if the plan fails.
BitMart's court-backed repayment plan is the subject, offered here as market context. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 01, 2026 16:21 WIB: 24 of 50 major cryptocurrencies rose, 25 fell. Notable movers include UNI at Rp161.678 (+2.75%), ATOM at Rp31.933 (+2.46%), and AAVE at Rp2.947.480 (+2.40%).
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