BitMart Founder Sheldon Claims Official Chinese Account Hacked
BitMart founder Sheldon stated that the platform's official Chinese account has been hacked, and the related content was not posted by current employees.
This statement addresses a previous open accountability letter published under the official account.
Sheldon confirmed signs of the account being hacked and plans to report it to the police and send a legal letter to the platform requesting technical evidence collection.
He also emphasized that employee assets do not take precedence over customer assets; everyone is a customer, with no privileges.
The platform previously announced an orderly withdrawal, with user withdrawals restricted and employee compensation issues continuing to escalate.
Market mechanisms indicate a trust crisis for centralized exchanges driven by this incident: locked user funds intensify withdrawal pressure, and the demand for industry compliance and audits is rising, putting pressure on non-transparent platforms.
Additionally, Sheldon had previously denied misappropriating assets and stated he is considering bringing in a third-party audit.
Source: Public Information
ABAB AI Insight
Sheldon has previously responded multiple times to rumors about the platform's withdrawal and assets, emphasizing that the core team is still assessing assets and promoting an orderly exit, while denying the misappropriation of user funds.
In terms of capital pathways, the platform's resources are focused on asset consolidation and system maintenance, motivated by the need to control the pace of withdrawals and respond to public pressure, while preparing legal actions to counter public accountability.
Similar cases can be seen in other centralized exchanges during their shutdown phases, involving account disputes and employee confrontations, as well as BitMart's own compensation commitments following the theft of its hot wallet in 2021; currently, the platform is in a phase of accelerated withdrawal and public internal conflicts.
Structural judgments indicate regulatory changes: the dual existence of the hacking accusation against the official account and the employee open letter exposes the shortcomings in account control and transparency of centralized platforms, with the mechanism being the lack of real-time verifiable reserves leading to a rapid collapse of trust.
ABAB News · Cognitive Law
Loss of control over the official account accelerates trust collapse
Internal public confrontations are most feared during the withdrawal phase
Lack of real-time reserve proof is the biggest risk