BitMart said it is working on a potential restructuring plan that could serve as an alternative to a full shutdown and liquidation, according to a post from the exchange. The company said the effort follows its July 26 notice and involves ongoing discussions with users, stakeholders, and professional advisers.
The proposed framework may include a phased and orderly resumption of part of its business operations, while also distributing assets to creditors. BitMart said any such arrangement remains subject to legal, financial, operational, and compliance reviews.
To move the process forward, the exchange has appointed White & Case as restructuring legal counsel. The firm will help assess available options and draft the framework for a possible restructuring plan. BitMart added that its team is developing a roadmap with advisers and is aiming to provide a further update no later than Sept. 9, 2026. Once a formal business recovery plan is ready, the company said it will seek feedback from community users.
BitMart said it is developing a potential restructuring plan as an alternative to a full shutdown and liquidation, according to a post published by the exchange.
The company said the move follows its July 26 announcement and comes after further discussions with users, stakeholders, and professional advisers.
Under the plan being considered, BitMart said it may resume part of its business operations in phases and in an orderly manner, while also distributing assets to creditors. The exchange added that the arrangement is still subject to legal, financial, operational, and compliance assessments.
BitMart also said it has appointed White & Case as restructuring legal counsel to help evaluate feasible options and draft the framework for a potential restructuring plan. The team is now working with advisers on a roadmap and is aiming to release a further update no later than Sept. 9, 2026. Once a formal business recovery plan has been prepared, BitMart said it will seek input from community users.
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