Crypto exchange BitMart declared insolvency and disclosed a balance shortfall of approximately $319.5 million following the 2021 hack. In 2026, the company became unprofitable, and panic withdrawals further impacted liquidity. Users have been offered three options for fund recovery, and the plan is subject to court approval.

Losses and Withdrawals in 2026 Deepened Liquidity Crisis

The situation worsened in 2026 as the company moved into losses and large-scale withdrawals further reduced liquidity. Management considered an investor's $10 million proposal insufficient.

Three Options for Clients: Partial Withdrawal or Two Tokens

Users can: 1) withdraw a portion of their funds immediately from remaining liquid assets, including USDT, USDC, BTC, ETH, and SOL; 2) exchange their balance for a Restitution Token and wait for the recovery of assets stolen in the 2021 hack; 3) receive a Continuum Token, backed by BitMart's investments and illiquid assets, with the right to a share of future profits if the business is relaunched.

Court Approval and Plan Discussion Timeline

Over the next 3–4 weeks, BitMart will discuss the plan with its 50 largest users, after which it will disclose the expected recovery percentage for each option.