Bitmart Switches to Manual Withdrawal Reviews, Raising Fund Misappropriation Concerns

Bitmart disables automatic withdrawals for manual KYC and compliance checks. Critics warn this 'security' measure may constitute fund misappropriation, prompting P2P exit strategies.

Woofun AI reports that Bitmart has suspended automatic withdrawals, mandating manual reviews involving identity verification, device checks, and Travel Rule compliance. WOO X ambassador Baki alleges this constitutes fund misappropriation under the guise of security, advising users to utilize P2P channels for bank transfers while noting market centralization.