BitMart’s shutdown just got a whole lot messier as its official Chinese X account dropped a fiery demand for founder Sheldon Xia to explain missing funds and unpaid employees by August 19—or face exposing the company to regulators, lawyers, and the media. While Xia fires back calling claims “fabricated,” vowing legal action and forensic data requests, the exchange remains silent on whether the X account is still under company control. With trading ending August 26 and full shutdown by January 31, users are left wondering how their assets will be handled amid mounting accusations and conflicting statements from within the company.
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