What happened
A timeline of concerns
What BitMart announced, and what users have experienced since, in date order. Every entry shows where the information comes from, so you can check it yourself.
How to read this timeline
- Confirmed From an official source or several reliable sources.
- Reported Reported by the press or other credible sources; not officially confirmed.
- User reports Consistent reports from affected users.
This page summarises public information and reports from affected users. It is not a finding of wrongdoing by anyone. If you think something here is wrong or missing, please tell us and we will check and correct it.
Later statements and actions by BitMart, and how they affected users.
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Cayman Islands regulator: BitMart entities “have never been” registered or licensed there
After “multiple complaints”, the Cayman Islands Monetary Authority (CIMA) said BitMart, BitMart Exchange, Bachi.Tech Corporation, GBM Global Holding Company Limited and related entities “are not, and have never been, registered, licensed, regulated, or otherwise authorised” by CIMA to carry on virtual asset business in or from the Cayman Islands.
- Regulator CIMA public notice
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BitMart considers a restructuring and appoints White & Case
BitMart said it was developing a possible restructuring plan “as an alternative to a full wind-down”, which may include a phased resumption of some operations and distributions to creditors. It appointed the law firm White & Case as restructuring counsel and said it would try to give a further update by 9 September 2026.
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A group of claimholders forms a committee and hires lawyers
Echo Base said it had formed an ad hoc committee of BitMart claimholders and hired lawyers, and that it was considering legal options, according to Unchained. It said earlier approaches to BitMart had gone unanswered.
- News Unchained
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Announcement on BitMart's Initial Indicative Proposal and Roadmap
BitMart published a notice titled “Announcement on BitMart's Initial Indicative Proposal and Roadmap”. [Summarise what it says, neutrally.]
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Announcement on BitMart's Initial Indicative Proposal and Roadmap
BitMart published a notice titled “Announcement on BitMart's Initial Indicative Proposal and Roadmap”.
In their own words
What people registered on Voices tell us
As more people register, we will show here what members experienced with withdrawals and support, as totals only, so no one can be identified.
Corrections and right of reply
We want this timeline to be accurate and fair. If you have evidence that something here is wrong, or a source we have missed, please write to [email protected].
BitMart is welcome to respond to anything on this page. We will publish its response in full alongside the relevant entries.