BitMart is developing a potential restructuring plan that could allow a phased resumption of some operations alongside distributions to creditors, offering an alternative to the full wind-down announced on July 26, 2026, as customers report frozen, delayed or unresolved withdrawals. On Aug. 21, the exchange appointed White & Case as restructuring counsel and said it expects a further update by Sept. 9, 2026. The proposal remains subject to legal, financial, operational and regulatory review, does not alter the immediate timetable, and does not resolve whether users can withdraw funds. Spot, futures and other trading services remain scheduled to end at 01:00 UTC on Aug. 26, with users strongly encouraged to submit withdrawal requests before 05:00 UTC; later requests will follow a separate process. BitMart has not disclosed a comprehensive repayment framework, recovery percentage or which services might restart. CEO Sheldon Lee has dismissed broader accusations as fabricated rumors, while blockchain investigator ZachXBT has questioned why customer funds have not been returned if liquidity is sufficient. The potential reopening was also described by CryptoSlate as leaving the withdrawal question unanswered.