TLDR Tech / Crypto
BitMart Exchange Winds Down Operations
BitMart, the centralized exchange that sustained a $196 million hot wallet exploit in December 2021, has announced a full wind-down of its trading platform, citing operating conditions, market environment, and strategic direction. New registrations, deposits, and order placement are suspended as of July 26. All trading services end August 26, and the platform fully closes January 31. Withdrawals remain available through the shutdown window. The exchange is urging users to close open positions, complete any pending KYC, and withdraw assets well ahead of the final deadline.
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