BitMart weighs phased restart and creditor payouts before Aug. 26 trading cutoff

BitMart is evaluating a restructuring plan that could combine creditor distributions with a phased restart of selected operations, less than four weeks after announcing a complete wind-down. The exchange appointed White & Case as restructuring counsel and said it would endeavour to provide another update no later than Sept. 9, but that date is not a guaranteed completion deadline. Existing notices still schedule all spot, futures and other trading to end at 01:00 UTC on Aug. 26, while the wider platform remains scheduled to close at 15:59 UTC on Jan. 31, 2027. BitMart has not published creditor eligibility rules, payout percentages, reserve data, balance-sheet information, a court filing or a claims portal. BMX traded near $0.061 on Aug. 23, according to CoinGecko, down approximately 80% from a month earlier despite a modest weekly recovery. Any restart remains subject to legal, financial, operational and regulatory reviews, leaving the proposed restart and creditor distributions as possible components rather than confirmed outcomes.

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