BitMart Market Maker Alleges Insolvency and Forced Asset Locks

OpenGradient co-founder claims BitMart is insolvent, citing blocked withdrawals and forced asset locks one week prior to service shutdown, raising custody concerns.

Woofun AI reports that Matthew, co-founder of OpenGradient, stated his team's market maker funds on BitMart are currently non-withdrawable, likely due to platform insolvency. He described it as "shocking" that BitMart required token holders to lock assets one week before shutting down related services, asserting these measures aimed at securing liquidity. BitMart has not responded to these accusations.