BitMart Founder Denies Allegations of Withdrawal Problems and Unpaid Employee Wages

BitMart's official Chinese-language X account has made public allegations about withdrawal problems and unpaid employee wages, prompting its founder Sheldon Xia to deny all claims.

The account alleged that some users have been unable to withdraw their funds and that former employees have not received their final pay and severance. It demanded that Xia provide verifiable details of the company's assets and a concrete repayment plan by a specified deadline.

Xia denied the allegations, calling them 'fabricated rumors' and stating that he had secured evidence for legal action. He claimed to have collected all relevant evidence related to the posts on X and planned to file a police report in the U.S., as well as send a legal letter requesting technical and data forensics.

The actual status of user funds and withdrawals remains unverified due to the conflicting claims from BitMart's account and its founder. The situation highlights concerns about transparency and accountability in the cryptocurrency industry.