BitMart’s Chinese-language X account has reportedly demanded a repayment plan to be submitted by August 19, according to CoinTelegraph. This move comes amid growing concerns about the company’s financial stability.
Founder Sheldon Xia has publicly denied allegations of blocked withdrawals and unpaid salaries, labeling these reports as "fabricated rumors," CoinTelegraph noted. His statement aims to reassure users and stakeholders about the platform’s operational integrity.
For Japanese investors, this development underscores the importance of monitoring regulatory and liquidity risks in crypto exchanges, especially those with significant user bases in Asia.