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  1. Published Social post

    Wu Blockchain (@WuBlockchain)

    OpenGradient Co-Founder Alleges BitMart Insolvency as Funds Remain Frozen OpenGradient co-founder and CEO Matthew Wang said his market-making team has funds stuck on BitMart that it is unable to withdraw, alleging that the crypto exchange is insolvent. He also accused BitMart of asking token holders to lock assets on the platform roughly a week before announcing its shutdown, claiming the campaign was primarily aimed at attracting liquidity. The allegations have not been independently verified, and BitMart has not directly responded to Wang’s claims.

  2. Published Social post

    Wu Blockchain (@WuBlockchain)

    Bitmart Founder Responds After Shutdown Causes Withdrawal Issues Following widespread user withdrawal issues and unpaid employee wages after Bitmart suspended operations, founder Sheldon broke his silence on X after several days, stating that he has not disappeared and that the core team is still conducting asset reviews, asset consolidation, and system maintenance. He said the goal is to complete an orderly wind-down and asked users to wait for further announcements. Sheldon denied misappropriating assets, withdrawing funds ahead of users, or fleeing, adding that the company is considering involving courts and third-party auditors to provide a transparent report.

  4. Published Social post

    CoinDesk (@CoinDesk)

    JUST IN: Storj Labs files for Chapter 11 bankruptcy, the fourth crypto company in seven days to announce a failure or wind-down, alongside BitMEX, BitMart, and Movement Labs. In a rare move, Storj says it plans to include token holders in ownership of the reorganized company.

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