BitMart Founder Sheldon Claims He Will Report Employee Accountability to Police and Collect Evidence
BitMart founder Sheldon Xia stated that he will report to the police regarding suspected employees publicly questioning the management about unpaid salaries and withdrawal issues.
He referred to these claims as "fabricated rumors" and plans to send a lawyer's letter to the X platform to request technical and data evidence collection.
This response is aimed at an open letter published by the official Chinese account, which demands clarification on the whereabouts of user assets, reserve status, and employee compensation by August 19.
Sheldon also emphasized that employee assets do not take priority over customer assets, stating that everyone is a customer and there are no privileges.
The platform previously announced an orderly exit, and issues regarding user withdrawal restrictions continue.
Market mechanisms indicate that the incident is driving a crisis of trust in centralized exchanges: public confrontations are intensifying user anxiety over withdrawals, expectations for legal evidence collection are rising, and the industry is increasing demands for the security and transparency of official accounts.
Additionally, Sheldon had previously confirmed signs of theft from the Chinese official account and denied misappropriating user assets.
Source: Public Information
ABAB AI Insight
After the platform announced the exit, Sheldon has spoken out multiple times, first denying any wrongdoing or misappropriation, then claiming the official account was hacked, and now further turning to police reporting and evidence collection, shifting from asset inventory commitments to legal countermeasures.
In terms of capital strategy, resources are focused on evidence collection and judicial intervention, motivated by the need to block the spread of public accountability and protect the management's narrative, while continuing to consolidate assets to address user pressure.
Similar cases can be seen in other cryptocurrency platforms during their shutdown phases, where internal employee confrontations and legal counterattacks from founders occurred, as well as the previous public communication model following the theft of BitMart's hot wallet; the current situation is entering a phase of public conflict and evidence collection during the exit process.
Structural judgment indicates regulatory changes: the coexistence of the employee open letter and the founder's police report exposes the control and information release vulnerabilities of centralized platform accounts, with the mechanism being the lack of independent audits leading to conflicting statements from both sides, further tearing apart trust.
ABAB News · Cognitive Law
Public confrontation accelerates legal intervention
Loss of control over official accounts is the breaking point of trust
During the exit phase, internal evidence battles are the most feared