Web3
BitMart Shutdown: CEO Fired as Platform Operations Wind Down
CryptoDnes·August 8, 2026·1 min read
BitMart is shutting down as CEO Nathan Zhou is fired and founder Sheldon Xia denies asset misappropriation. The BMX token plunged 70% amid the exchange's wind-down. The platform's operations are ceasing, with Xia refuting allegations of misusing funds during the shutdown process.
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