BitMart Acknowledges Asset Shortfall Following 2021 Hack

BitMart publicly admitted on September 30, 2026, that it faces a balance sheet deficit, primarily attributed to a 2021 hack that resulted in $319.5 million in losses. The exchange is proposing a restructuring plan that requires court approval, offering users three potential recovery options: a proportional share of liquid assets, a restitution token backed by recovered funds, or other settlement methods. The deficit includes $164.1 million in Ethereum, $96.5 million in BNB, and $51.5 million in Bitcoin, based on 2021 valuations.