BitMart users face withdrawal delays during wind-down

Users of the cryptocurrency exchange BitMart are reporting significant delays and freezes in withdrawing their funds following the platform's announcement that it will wind down operations, raising urgent questions about the accessibility of customer assets during the closure process. The exchange has stated that withdrawals remain available but may be subject to enhanced compliance and security reviews.

On Monday, July 27, blockchain analytics firm Lookonchain reported that only 58 wallets had withdrawn approximately $805,000 over a period of more than 24 hours, and that no withdrawals were processed during a subsequent eight-hour monitoring window. Multiple users on social media have described similar issues, with some claiming withdrawals were marked as completed on the platform but not appearing on the blockchain, while others reported transactions remaining pending for extended periods.

BitMart announced its staged shutdown earlier this week, stating it had stopped accepting new registrations and deposits while restricting new trading orders. According to the exchange's published schedule, all trading services are scheduled to end on August 26, 2026, with the platform...