BitMart has failed to deliver the restructuring and business resumption roadmap it promised by September 9, instead announcing the appointment of advisory firm Alvarez & Marsal to begin a fin
BitMart has failed to deliver the restructuring and business resumption roadmap it promised by September 9, instead announcing the appointment of advisory firm Alvarez & Marsal to begin a financial review of the troubled exchange.
The announcement came on Wednesday, the same day BitMart had set as its self-imposed deadline for a progress update. Alvarez & Marsal will collaborate with BitMart’s legal advisers to assess the exchange’s assets, overall financial position, stakeholder concerns, and potential paths forward. The review will also weigh proposals from unnamed third parties, according to a statement BitMart posted on X.
