Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editor

Written by Yohan Yunstaff editor

Reviewed by Robert Lakinstaff editor

BitMart misses roadmap deadline, appoints financial adviser

Latest NewsPublishedSep 9, 2026

BitMart provided no asset figures or withdrawal timetable and will launch a feedback portal within five working days during a financial adviser review.

BitMart appointed Alvarez & Marsal as its financial adviser on Wednesday, its self-imposed Sept. 9 deadline for an update, but did not publish the restructuring and business resumption roadmap it stated it was developing.

Alvarez & Marsal will work with BitMart’s legal advisers to evaluate the exchange’s assets, financial position, stakeholder issues and possible paths forward, as reported by Wednesday’s announcement. The review will also consider proposals from unidentified third parties, BitMart stated on X.

BitMart stated it will deploy a dedicated web portal within five working days to collect user feedback on its action plan and future direction. It stated further updates on the feedback process and action plan would follow on a rolling basis over the next three weeks.

Echo Base, which organized an ad hoc committee of BitMart claimholders, called the appointment “the most encouraging step BitMart has taken since July.”

“What arrived was an advisor appointment and two new deadlines, with no reserve position, no asset inventory, no recovery estimate and no withdrawal timetable,” Roshan Dharia, CEO of Echo Base, told Cointelegraph.

BitMart has faced scrutiny over its financial position and handling of customer assets since its July 26 wind-down announcement, after users reported withdrawal delays. 

Neither BitMart nor Alvarez & Marsal responded to Cointelegraph’s requests for comment on this story.

Related: BitMart account demands founder explain funds status, Xia calls claims ‘fabricated’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Cryptocurrency Exchange
• Digital Currency Exchange
• Bankruptcy
• Business
• Finance
• Industry

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