BitMart Weighs Partial Restart and Creditor Payouts Weeks After Shutdown Announcement

Crypto exchange BitMart is exploring a restructuring plan that could combine payments to creditors with a phased resumption of some operations, less than four weeks after initially announcing it would shut down entirely.

New Restructuring Plan Takes Shape

According to a company announcement, the potential plan may include gradually restarting certain platform functions while distributing funds to creditors. BitMart has appointed law firm White & Case as restructuring counsel and expects to share a detailed roadmap by September 9.

Shift From Original Closure Notice

The mention of creditors marks a notable shift from BitMart’s original July 26 closure statement, which cited only general operating conditions and market factors without specifying a clear reason for shutting down. At that time, the exchange halted new registrations, deposits, and trading orders, while shifting futures accounts into reduce-only mode after nine years of operation.

Original Shutdown Timeline

BitMart had set August 26 as the deadline for all trading activity to end, with full platform closure planned for January 31, 2027, though withdrawals would remain available under added compliance checks. The initial shutdown announcement triggered a sharp selloff in BitMart’s native BMX token, which fell about 58% within 24 hours and remains down 83% for the year.