BitMart2026-10-01 13:50:33BitMart outlines preliminary exit plan with three options for usersCrypto exchange BitMart has released a preliminary proposal that would let users leave the platform through one of three routes, as the company reviews its balance sheet and prepares a response plan from August 2026. Under the proposal, unpaid account balances would be converted into U.S. dollars using the weighted average trading price from July 26, 2026 to a designated record time, subject to a court-approved arrangement backed by BitMart’s assets. Users could choose an upfront distribution in fiat, stablecoins, BTC, ETH, or SOL; swap into recovery tokens tied to efforts to pursue stolen assets; or receive continuation tokens tradable on decentralized exchanges and linked to investment interests, disposal of illiquid assets, and future project profit distributions. BitMart said a December 2021 hack created an approximately $319.5 million balance-sheet shortfall based on values as of Dec. 4, 2021. It also said social media attacks since May 2026 triggered panic withdrawals and exposed related individuals to the risk of personal data leaks. After reviewing a $10 million liquidity proposal from an investor, management concluded that the amount was not enough to cover operating pressure and the shortfall.60
Drift Protoco2026-07-23 15:50:16Drift Unveils Recovery Token Plan After $285.4 Million HackDrift Protocol is rolling out a recovery token system after its $285.4 million exploit, with 1 token representing $1 in verified losses and Tether backing the effort with $127.5 million.510
Aave2026-07-23 13:25:16Aave's $230M Bad Debt: Analyst Proposes Recovery Token to Let Kelp Repay Over TimeAave faces up to $230M in bad debt from Kelp DAO exploit, with Umbrella reserves covering only $80-100M. Analyst Anndy Lian proposes issuing $kRecovery tokens to finance the debt via future protocol revenue, avoiding haircuts or slashing.490
