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BitMart Founder Denies Withdrawal and Salary Claims

BitMart’s Chinese X account demanded a repayment plan by Aug. 19, alleging blocked withdrawals and unpaid salaries. Founder Sheldon Xia dismissed these claims as ‘fabricated rumors.’ The exchange’s operational status remains disputed, with no official resolution announced.

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AI take

The public rupture between BitMart's own Chinese-language account and its founder is the story here: a platform's official channel airing allegations of blocked withdrawals and unpaid salaries, met with a flat denial rather than documentation, leaves users without a verifiable picture of solvency. Because the claims are disputed and no resolution has been announced, the practical effect is uncertainty for anyone with funds or staff ties to the exchange. Whether the account's demand for a repayment plan produces any formal response, or independent confirmation of operational status, is the open question.

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