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BitMart proposes court-supervised restructuring with three recovery options amid $319.5M shortfall

Market News
01 Oct 2026
Tokenpost
View Source
Neutral
BitMart proposes court-supervised restructuring with three recovery options amid $319.5M shortfall

BitMart has proposed a court-supervised restructuring plan to address a $319.5 million balance-sheet shortfall based on 2021 asset prices. The plan offers users three recovery options: immediate distribution in fiat, stablecoins, or major cryptocurrencies; a recovery token linked to reclaiming stolen assets from a 2021 hack; or a continuation token tradable on decentralized exchanges tied to future profits and asset sales. The exchange faced panic withdrawals and data leaks after social media attacks in 2023 and rejected a $10 million liquidity offer as insufficient. BitMart will consult its top 50 users over the next few weeks before updating stakeholders on the restructuring progress.

BitMart's court-supervised restructuring plan is the subject, with Pluang's market data providing context as of Oct 01, 2026 19:47 WIB. Among 50 major cryptocurrencies on Pluang, 12 rose and 37 fell today. Notably, CRV dropped 4.97% to Rp6.926 with a typical hold time of 62 days and a buy order activity of 69%, contrasting with ZIL's 4.08% decline to Rp63 and a longer hold time of 132 days with 79% buy orders, while NEO fell 3.97% to Rp45.012 with a 96-day hold time.

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