After BitMart was shut down and users reported they could not withdraw funds, founder Sheldon took to X to address the backlash. He denied that the exchange had run off, telling users not to believe rumors, including screenshots and claims attributed to former or current employees. Sheldon said the core team is still conducting asset inventory, asset collection, and system maintenance, with orderly liquidation as its goal. He also denied any misuse of assets or early moves to withdraw funds, and said the team has considered involving courts and a third-party auditor to publish a transparent report.
BitMart founder Sheldon said on X that the exchange has not and will not exit-scam, responding to users who could not withdraw funds after the platform was shut down.
His four-point response:
- "We have not run away, and we will not run away."
- He urged users not to trust rumors, including screenshots and claims attributed to alleged former or current employees.
- The core team is still working on asset inventory, asset collection and system maintenance, with orderly liquidation as the goal. Official announcements will follow.
- He denied any misuse of assets or early withdrawal of funds, saying the team has been considering involving a court and a third-party auditor to provide a transparent report.
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