BitMart Exchange scammed all users

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They've closed withdrawals, but spot and futures are still open. Does anyone have any ideas on how to withdraw funds? I've heard that many people previously bought a coin with low liquidity on one exchange and then sold it on another at the same time and withdrew at least part of their funds, basically manipulating the price. Or does anyone have other ideas?

Aug 06, 2026 16:18

quote

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They've closed withdrawals, but spot and futures are still open. Does anyone have any ideas on how to withdraw funds? I've heard that many people previously bought a coin with low liquidity on one exchange and then sold it on another at the same time and withdrew at least part of their funds, basically manipulating the price. Or does anyone have other ideas?

Edited Oct 27, 2026 00:20 by admin

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[quote=https://x.com/BitMartExchange/status/2081197305491845201]
Key dates:
Â Jul 26, 2026, 01:30 UTC: New registrations, deposits, and new trading orders will begin to be suspended.
Â Aug 26, 2026, 01:00 UTC: All trading services will be discontinued.
Â Jan 31, 2027, 15:59 UTC: Platform operations will officially cease.

Withdrawal services will remain available. We strongly encourage all users to close positions, complete KYC (if needed), and withdraw assets as early as possible.

[/quote]

I don't have an account to confirm  but this is what they said on their announcement.

If they stopped withdrawals (for everyone) then there is sadly nothing you can do. If you cannot withdraw anything, there is no point in trading whatever you have to something else, because you won't be able to withdraw that either.

Re: BitMart Exchange scammed all users

Aug 06, 2026 16:22

quote

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Quote from: https://x.com/BitMartExchange/status/2081197305491845201
Key dates:
Â Jul 26, 2026, 01:30 UTC: New registrations, deposits, and new trading orders will begin to be suspended.
Â Aug 26, 2026, 01:00 UTC: All trading services will be discontinued.
Â Jan 31, 2027, 15:59 UTC: Platform operations will officially cease.

Withdrawal services will remain available. We strongly encourage all users to close positions, complete KYC (if needed), and withdraw assets as early as possible.

I don't have an account to confirm but this is what they said on their announcement.

If they stopped withdrawals (for everyone) then there is sadly nothing you can do. If you cannot withdraw anything, there is no point in trading whatever you have to something else, because you won't be able to withdraw that either.

Report to moderator

Sorry, no way you can withdraw your coins on the exchange except the exchange give you the privilege. Not your keys not your coins.

I have bad experience about the exchange in the past and that was the last time I used it. Luckily I also had bad experience on BitMex also which made me not to use the exchange again.

This for BitMart
To BitMart. Bad perpetual trading experience. I am leaving.

So I stopped using the exchange.

Re: BitMart Exchange scammed all users

Aug 06, 2026 16:23

quote

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Sorry, no way you can withdraw your coins on the exchange except the exchange give you the privilege. Not your keys not your coins.

I have bad experience about the exchange in the past and that was the last time I used it. Luckily I also had bad experience on BitMex also which made me not to use the exchange again.

This for BitMart
To BitMart. Bad perpetual trading experience. I am leaving.

So I stopped using the exchange.

Report to moderator

This was announced on the forum weeks ago. They published the news on their handle about their shut down and the dates of which some of their services will no longer be effective. But the exchange will be completely shut down sometimes next year. https://x.com/i/status/2081197305491845201

Quote from: doesntworkthatway on August 06, 2026, 04:18:00 PMThey've closed withdrawals, but spot and futures are still open. Does anyone have any ideas on how to withdraw funds? I've heard that many people previously bought a coin with low liquidity on one exchange and then sold it on another at the same time and withdrew at least part of their funds, basically manipulating the price. Or does anyone have other ideas?
Why don't you check if their P2P features is still available? Maybe you can withdraw the coins as fiat instead..

Re: BitMart Exchange scammed all users

Aug 06, 2026 16:24

quote

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This was announced on the forum weeks ago. They published the news on their handle about their shut down and the dates of which some of their services will no longer be effective. But the exchange will be completely shut down sometimes next year. https://x.com/i/status/2081197305491845201

Quote from: doesntworkthatway on August 06, 2026, 04:18:00 PM
They've closed withdrawals, but spot and futures are still open. Does anyone have any ideas on how to withdraw funds? I've heard that many people previously bought a coin with low liquidity on one exchange and then sold it on another at the same time and withdrew at least part of their funds, basically manipulating the price. Or does anyone have other ideas?

Why don't you check if their P2P features is still available? Maybe you can withdraw the coins as fiat instead..

Report to moderator

If they already closed withdrawal, there's no way you can get your coins out 
You just have to hope they open withdrawal again
That's why it is always recommended to use a non custodial wallet

Re: BitMart Exchange scammed all users

Aug 06, 2026 16:31

quote

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If they already closed withdrawal, there's no way you can get your coins out
You just have to hope they open withdrawal again
That's why it is always recommended to use a non custodial wallet

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They wrote that they were withdrawing funds a week ago, if not more, but there haven't been any withdrawals. They also set limits 100-500 times lower, but you still can't withdraw even $1.

Re: BitMart Exchange scammed all users

Aug 06, 2026 16:56

quote

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They wrote that they were withdrawing funds a week ago, if not more, but there haven't been any withdrawals. They also set limits 100-500 times lower, but you still can't withdraw even $1.

Report to moderator

Just like your name, it doesntworkthatway  

Is scam the right word? I don't think so. I searched it says the line below

[quote=https://www.bitmart.com/en-US/support/articles/7922665245339/39162120325403/53544595916059]
The withdrawal service will remain available after this announcement.
[/quote]

This is the same in Bitmex. I received an email, and it seems both are very similar, and I think they have announced it well to their members, so I don't think it's a scam. That's just what happens when you rely on exchanges. You have no control, but at least you get to withdraw it.

Please show evidence that you can't withdraw.

Re: BitMart Exchange scammed all users

Aug 06, 2026 17:12

quote

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Just like your name, it doesntworkthatway

Is scam the right word? I don't think so. I searched it says the line below

Quote from: https://www.bitmart.com/en-US/support/articles/7922665245339/39162120325403/53544595916059
The withdrawal service will remain available after this announcement.

Report to moderator

Quote from: crwth on August 06, 2026, 05:12:45 PMJust like your name, it doesntworkthatway  

Is scam the right word? I don't think so. I searched it says the line below

[quote=https://www.bitmart.com/en-US/support/articles/7922665245339/39162120325403/53544595916059]
The withdrawal service will remain available after this announcement.
[/quote]

This is the same in Bitmex. I received an email, and it seems both are very similar, and I think they have announced it well to their members, so I don't think it's a scam. That's just what happens when you rely on exchanges. You have no control, but at least you get to withdraw it.

Please show evidence that you can't withdraw. 

This is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days

Re: BitMart Exchange scammed all users

Aug 06, 2026 17:17

quote

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Quote from: crwth on August 06, 2026, 05:12:45 PM
Just like your name, it doesntworkthatway

Is scam the right word? I don't think so. I searched it says the line below

Quote from: https://www.bitmart.com/en-US/support/articles/7922665245339/39162120325403/53544595916059
The withdrawal service will remain available after this announcement.

This is the same in Bitmex. I received an email, and it seems both are very similar, and I think they have announced it well to their members, so I don't think it's a scam. That's just what happens when you rely on exchanges. You have no control, but at least you get to withdraw it.

Please show evidence that you can't withdraw.

This is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days

Report to moderator

On July 26, it was announced that there are several points all BitMart members should be aware of regarding the decision to close the exchange.
All transactionsÂincluding spot trading, copy trading, and futuresÂhave been canceled. The deadline for withdrawals has been set for August 26. Platform operations will officially cease on January 31.
I do not have access to BitMart, so I cannot confirm whether withdrawals are still possible; however, based on what they stated via their X account, the withdrawal deadline is August 26.
look at this: https://x.com/BitMartExchange/status/2081197305491845201

Re: BitMart Exchange scammed all users

Aug 06, 2026 17:42

quote

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On July 26, it was announced that there are several points all BitMart members should be aware of regarding the decision to close the exchange.
All transactionsÂincluding spot trading, copy trading, and futuresÂhave been canceled. The deadline for withdrawals has been set for August 26. Platform operations will officially cease on January 31.
I do not have access to BitMart, so I cannot confirm whether withdrawals are still possible; however, based on what they stated via their X account, the withdrawal deadline is August 26.
look at this: https://x.com/BitMartExchange/status/2081197305491845201

Report to moderator

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PMThis is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days
While it is  looking  like a possible scam exit, we can't conclude it's  a scam until the grace for withdrawal completely  runs out without processing the withdrawals and I believe that should be next year.

Personally, I will wil call it a scam already, because  I see no reason to why they haven't address their users on pending withdrawal and the fact that they sent zero mails to their customers looks fishy. 

OP you have no choice than to stay patient,  no one can help your other than Bitmart. Find other affected users and stay connected with them.

Re: BitMart Exchange scammed all users

Aug 06, 2026 17:44

quote

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#10

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PM
This is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days

While it is looking like a possible scam exit, we can't conclude it's a scam until the grace for withdrawal completely runs out without processing the withdrawals and I believe that should be next year.

Personally, I will wil call it a scam already, because I see no reason to why they haven't address their users on pending withdrawal and the fact that they sent zero mails to their customers looks fishy.

OP you have no choice than to stay patient, no one can help your other than Bitmart. Find other affected users and stay connected with them.

Report to moderator

Quote from: crwth on August 06, 2026, 05:12:45 PMIs scam the right word? I don't think so. I searched it says the line below
It may be a bit early to call them scammers, but there are definitely issues with withdrawals. 
I just visited their official Telegram group, and many people were complaining about withdrawals not being processed and their support being unresponsive.

Re: BitMart Exchange scammed all users

Aug 06, 2026 17:49

quote

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#11

Quote from: crwth on August 06, 2026, 05:12:45 PM
Is scam the right word? I don't think so. I searched it says the line below

It may be a bit early to call them scammers, but there are definitely issues with withdrawals.

I just visited their official Telegram group, and many people were complaining about withdrawals not being processed and their support being unresponsive.

Report to moderator

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PMThis is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days
This is really sad to see, I was reading some messages from the Telegram link you provided and this person has already filed the report to the authorities and I recommend everyone to do the same. I had no funds on both exchanges, don't know if BitMEX has also done it or not, but you should report BitMart at least 
https://t.me/bitmartscam2026/11903

When I heard the news of their shutdown, I had this little doubt that they might do something like this, but I thought if they wanted to then why would they announce their closure? They could do it anyway, but now I think they are trying to suppress the matter by being good in front of the internet, and behind the scenes they have halted and so far I have not read a single article published by those so-called media out there, like Cointelegraph or CoinDesk. Maybe they are working on writing one, but by the time they will, or authorities will take action, these people could run away.

I can only pray that they will give everyone's money back.

Re: BitMart Exchange scammed all users

Aug 06, 2026 18:43

quote

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#12

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PM
This is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days

This is really sad to see, I was reading some messages from the Telegram link you provided and this person has already filed the report to the authorities and I recommend everyone to do the same. I had no funds on both exchanges, don't know if BitMEX has also done it or not, but you should report BitMart at least

https://t.me/bitmartscam2026/11903

When I heard the news of their shutdown, I had this little doubt that they might do something like this, but I thought if they wanted to then why would they announce their closure? They could do it anyway, but now I think they are trying to suppress the matter by being good in front of the internet, and behind the scenes they have halted and so far I have not read a single article published by those so-called media out there, like Cointelegraph or CoinDesk. Maybe they are working on writing one, but by the time they will, or authorities will take action, these people could run away.

I can only pray that they will give everyone's money back.

Report to moderator

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PMThis is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days
Nobody is questioning your informations here, it is true that withdrawals are not being processed because I know someone who has a few bucks in the exchange and he's been on and off on the issue. While it's not yet clear if they will completely approve every withdrawal, you need to be hopeful and patient, withdrawals will be approved before they shutdown completely.

These are your emotions, you are scared if you won't be getting your money back, and we understand.

Re: BitMart Exchange scammed all users

Aug 06, 2026 18:45

quote

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#13

Quote from: doesntworkthatway on August 06, 2026, 05:17:53 PM
This is a lie. Everyone's payments have been pending for 10 days. No one has received their payments.

https://t.me/bitmartscam2026 there hundreds of scammed and nobody can withdraw up to 10 days

Nobody is questioning your informations here, it is true that withdrawals are not being processed because I know someone who has a few bucks in the exchange and he's been on and off on the issue. While it's not yet clear if they will completely approve every withdrawal, you need to be hopeful and patient, withdrawals will be approved before they shutdown completely.

These are your emotions, you are scared if you won't be getting your money back, and we understand.

Report to moderator

Op has every reason to panic and call them scammers if that will make him feel better. Bitmart's official announcement says that the deadline for withdrawal is 26th August, it is kinda suspicious for withdrawals to be disabled much earlier and without any official statement or a standby customer support to give the users hope. It is yet to be concluded if this is an indication of a scam or just or something else.

Just to give op and others hope, he should be patient till the date of the withdrawal deadline, then we all can conclude on them. Maybe op may get lucky to withdraw his funds.

Re: BitMart Exchange scammed all users

Aug 06, 2026 19:15

quote

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#14

Op has every reason to panic and call them scammers if that will make him feel better. Bitmart's official announcement says that the deadline for withdrawal is 26th August, it is kinda suspicious for withdrawals to be disabled much earlier and without any official statement or a standby customer support to give the users hope. It is yet to be concluded if this is an indication of a scam or just or something else.

Just to give op and others hope, he should be patient till the date of the withdrawal deadline, then we all can conclude on them. Maybe op may get lucky to withdraw his funds.

Report to moderator

You can try contacting their support with registered email.
I am not using Bitmart exchange and I don't have account there to verify anything, but I think I heard they announced shutting down of their operation.

Re: BitMart Exchange scammed all users

Aug 06, 2026 19:25

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#15

You can try contacting their support with registered email.
I am not using Bitmart exchange and I don't have account there to verify anything, but I think I heard they announced shutting down of their operation.

Report to moderator

Quote from: uchegod-21 on August 06, 2026, 07:15:26 PMOp has every reason to panic and call them scammers if that will make him feel better. Bitmart's official announcement says that the deadline for withdrawal is 26th August, it is kinda suspicious for withdrawals to be disabled much earlier and without any official statement or a standby customer support to give the users hope. It is yet to be concluded if this is an indication of a scam or just or something else.

Just to give op and others hope, he should be patient till the date of the withdrawal deadline, then we all can conclude on them. Maybe op may get lucky to withdraw his funds.
The withdrawals are not disabled, they are just either rejecting them or leaving them pending. As for their withdrawal deadline, it's ridiculous that they only gave their users a 1 month time frame for it.

For anyone curious, this is what they said if there are users who didn't complete their withdrawal within the recommended timeframe.
[quote=https://bitmart.zendesk.com/hc/en-us/articles/53544595916059-Important-Notice-Regarding-the-Orderly-Cessation-of-BitMart-Operations]
IV. Processing After the Recommended Timeframe
For users who do not complete withdrawals within the recommended timeframe, the related requests will be transferred to a dedicated processing procedure. Specific arrangements and any required documentation will be communicated separately through official announcements or direct notifications.

Accounts frozen due to disputes or sanctions-related matters will continue to have access to the applicable appeals process.
[/quote]

Re: BitMart Exchange scammed all users

Aug 06, 2026 19:34

quote

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#16

Quote from: uchegod-21 on August 06, 2026, 07:15:26 PM
Op has every reason to panic and call them scammers if that will make him feel better. Bitmart's official announcement says that the deadline for withdrawal is 26th August, it is kinda suspicious for withdrawals to be disabled much earlier and without any official statement or a standby customer support to give the users hope. It is yet to be concluded if this is an indication of a scam or just or something else.

Just to give op and others hope, he should be patient till the date of the withdrawal deadline, then we all can conclude on them. Maybe op may get lucky to withdraw his funds.

The withdrawals are not disabled, they are just either rejecting them or leaving them pending. As for their withdrawal deadline, it's ridiculous that they only gave their users a 1 month time frame for it.

For anyone curious, this is what they said if there are users who didn't complete their withdrawal within the recommended timeframe.

Quote from: https://bitmart.zendesk.com/hc/en-us/articles/53544595916059-Important-Notice-Regarding-the-Orderly-Cessation-of-BitMart-Operations
IV. Processing After the Recommended Timeframe
For users who do not complete withdrawals within the recommended timeframe, the related requests will be transferred to a dedicated processing procedure. Specific arrangements and any required documentation will be communicated separately through official announcements or direct notifications.

Accounts frozen due to disputes or sanctions-related matters will continue to have access to the applicable appeals process.

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