CZ says BitMart shutdown is orderly and users can still withdraw assets
The Binance founder said the industry is facing another difficult period and urged users to prioritize asset safety and platform resilience over short-term returns.
Fact Check
CZ's own verified X account (@cz_binance) posted on 2026-07-26 that BitMart's shutdown 'appears to be an orderly wind down where users can withdraw their assets,' explicitly advising self-custody or using a resilient large exchange — matching the claim that he called the shutdown orderly, said users can still withdraw, and urged prioritizing asset safety. This is corroborated by BlockBeats and Odaily news flashes. The primary-source tweet directly confirms the claim.
Summary
Binance founder CZ said BitMart's suspension of operations appears to be unfolding in an orderly way, with users still able to withdraw their assets. In a post on X, he said the industry is once again going through a difficult period and warned that, during uncertain market conditions, users should focus more on asset security and whether a platform can continue operating rather than chasing short-term gains.
Terms & Concepts
- withdraw assets: Move funds out of a platform