BitMart Proposes Court-Approved Restructuring Plan for Outstanding Balances

BitMart has announced a preliminary restructuring plan to address outstanding user balances following financial losses attributed to the 2026 market downturn, arbitrage exploitation, and the 2021 hack that resulted in a $319.5 million deficit. Users will have their balances converted to USD based on weighted average prices from July 26, 2026. Recovery options include a pro-rata distribution of liquid assets like BTC, ETH, and SOL, or two specialized tokens: a Restitution Token backed by recovered stolen assets, and a Continuum Token backed by investment equity and future profits. The exchange plans to consult with its top 50 users over the next 3 to 4 weeks.