Crypto Coin World

Sheldon Xia should not be the only one whose actions are investigated. Any companies, advisers, intermediaries, or professional service providers that knowingly help Sheldon hide, move, launder, or shield funds belonging to BitMart victims should also be investigated and, where supported by evidence, held criminally accountable. If you knowingly help protect the money instead of protecting the people who lost it, be prepared for your role to be closely examined. Share this post. The more attention this gets, the harder it becomes to hide what happened. #BitMart #BitMartScam #SheldonXia

🚨 How is BitMart sending 14,000 USDT from a wallet labeled “BitMart 16” to a Kraken deposit address, while users are shown a maximum 24-hour withdrawal limit of just 2,000 USDT? ⚠️ For nearly four weeks, affected users have been reporting that they cannot withdraw their funds at all. There are even public reports of withdrawals remaining stuck without a TXID since July 27. ‼️ At the same time, on-chain transactions attributed by the explorer to BitMart wallets appear to continue. ❓️ So the question is simple: Why can funds leave BitMart-controlled wallets in amounts above the stated user withdrawal limit while customers cannot access their own money? 💲We are collecting reports from people affected by BitMart withdrawal issues for documentation and legal review. ⚖️ If your funds are stuck on BitMart, join us. All information and links are in the bio.

🚨 @BitMartExchange, your latest statement is misleading users. Instead of providing concrete answers about withdrawals, BitMart is talking about restructuring and possible future distributions. So why do the actions of Sheldon Xia (@sheldonbitmart) and BitMart give users serious grounds to suspect fraud? 1. Forced closure of positions. Trading pairs were delisted without proper advance notice, resulting in the forced closure of both long and short positions. The delisting notice appeared on the website around the same time, and many users simply never saw it. 2. Users cannot withdraw their money while funds continue to move. On-chain transactions from known wallets associated with BitMart continued despite users being unable to access their funds. Who controls these assets, where are they being sent? 3. No transparent explanation of customer assets. There is still no clear, independently verifiable information about available assets, liabilities, or a concrete timeline for returning customer funds. 4. Social media accounts and communications disappeared. According to affected users, members of the team close to Sheldon deleted or removed access to multiple social media accounts. Telegram accounts and conversations were also deleted. 5. Wallet balances dropped dramatically in July. According to on-chain monitoring by affected users, balances of wallets associated with BitMart fell dramatically — reportedly by roughly two-thirds during July. These movements require a transparent explanation. 6. APRs were increased before the shutdown. Shortly before the shutdown announcement, users were offered higher APRs — 11% and above — and encouraged to deposit more funds into Savings. Afterward, funds held in Savings at these rates were moved back to users' spot accounts without the promised interest being credited. If the platform was already experiencing liquidity or reserve problems at that point, users deserve to know when management became aware of them and why it continued attracting funds. 7. Registrations and deposits remained available after the shutdown announcement. Despite announcing a shutdown, new users could still register and deposit funds. At the same time, there was no prominent warning on the main page informing users that they might be unable to withdraw their money. As a result, people could continue depositing. 8. Sheldon disappeared from public view while continuing to suggest that everything was fine with the exchange. Despite the withdrawal crisis and numerous unanswered questions, Sheldon largely disappeared from public communication while publishing statements that created the impression that the situation was under control. 9. Offices were closed, while regulatory claims raise further questions. Affected users report that BitMart offices have closed. There are also serious questions regarding representations made about BitMart's regulatory/licensing status in Australia. 10. Tens of thousands of affected users are reporting the same problem. Telegram communities alone contain tens of thousands of people discussing the situation. Accounts may display daily withdrawal limits of approximately $500–$2,000, yet affected users report being unable to withdraw even $1. 11. The situation has spread far beyond the exchange itself. Personal information concerning members of Sheldon's family, including his wife, has reportedly been published in Chinese darknet communities. According to reports, rewards are also being offered there for information that could help locate Sheldon. The involvement of White & Case as restructuring counsel does not mean withdrawals have resumed and does not guarantee that customers will recover their funds. All of these allegations and observed on-chain movements require transparent answers and an independent investigation. @BitMartExchange: Where are the customer assets? Who controls them now? Where did the funds go? And when will users finally get their money back? #bitmart

🚨 DID BITMART IGNORE A POTENTIAL RESCUE? Echo Base reportedly approached BitMart with a funded rescue and restructuring proposal, including financing that could have helped facilitate an orderly restructuring. However, BitMart management reportedly did not respond to the proposal. Meanwhile, since the shutdown announcement, tens of thousands of BitMart users have reported being unable to withdraw their money. Why would management ignore a potential rescue? Could it be because customer funds had already been misappropriated or moved by Sheldon and people close to him by that point? That is a question for investigators to establish. If not, BitMart should publicly demonstrate where customer assets are and explain why the funded restructuring proposal went unanswered. Meanwhile, as Sheldon has disappeared from public view, reports claim that information about an alleged bounty on him has begun circulating in Chinese darknet communities, using the words “dead or alive.” Where is BitMart users’ money? Where is verifiable proof of reserves? And why is management silent? @BitMartExchange @binance @cz_binance @okx @star_okx @Bybit_Official @benbybit #BitMart #BitMartScam #Crypto