Echo Base Forms BitMart Committee, Weighs Involuntary Bankruptcy

The formation of a claimholder committee signals a shift from bilateral negotiation to coordinated creditor action, raising the stakes for BitMart's response. The reported silence on a funding offer suggests a potential impasse, making an involuntary filing a credible next step that could force a legal resolution. This matters for creditors seeking recovery, as a unified committee increases leverage and transparency. The key watchpoint is whether BitMart engages before court action, or if the committee's move accelerates a formal restructuring process.