Echo Base forms BitMart creditor committee to recover frozen assets

Echo Base is assisting in the formation of a BitMart creditor committee to represent users with frozen assets. The firm is evaluating recovery options, including potential bankruptcy proceedings, after BitMart failed to respond to a $10 million restructuring proposal. Sonn Law Group is currently investigating claims for users with over $500,000 in frozen assets, as Echo Base warns that BitMart's operational runway may only last until January 2027.