Crypto
BitMart Weighs Restart Amid Restructuring Efforts
BitMart, a struggling cryptocurrency exchange, is considering restarting some operations and making payouts to creditors. The move comes less than a month after the exchange announced plans to wind down its trading platform.
The company has hired law firm White & Case to assess its options and develop a restructuring plan. This plan will be subject to legal, financial, and regulatory reviews before any restart is possible.
BitMart expects to outline a roadmap by September 9. The exchange has urged users to rely on official channels as it addresses concerns over scams.
The decision to restart comes after talks with users, stakeholders, and advisers. A potential restart would follow further consultations with the community.