BitMart will cease all trading on August 26, 2026, at 01:00 UTC, with withdrawal requests scheduled to close at 05:00 UTC. As of August 22, withdrawals for many crypto assets were already disabled. The exchange is also considering a restructuring that could combine creditor distributions with a phased restart of some operations, with White & Case as restructuring counsel and a roadmap expected by September 9. The developments follow BitMart’s July 26 wind-down notice, which affected many of its roughly 12 million registered users and triggered questions about delayed withdrawals, frozen funds, and solvency. BMX fell about 58% in 24 hours after the shutdown news, extending its year-to-date decline to 83%.