BitMart Shutdown Sparks Withdrawal Delays as Users Report Frustration

BitMart's decision to shut down its services has led to delays in customer withdrawals. Although the company claims that withdrawals can still be processed, some users have reported issues with delayed transactions.

A recent report by Lookonchain found that only 58 wallets withdrew around $805,000 from BitMart in 24 hours, and no withdrawals were made in the past eight hours.

Some users on X reported their problems with withdrawal delays. One user mentioned receiving a confirmation email stating that their USDT withdrawal was completed, but the transaction did not appear on the blockchain.

BitMart has warned of potential delays due to compliance and security checks, which will be conducted before approving any transactions.