Crypto Economy and BlockchainReporter both cover BitMart's unpaid-salary and withdrawal dispute but disagree on the founder's name and on whether he called the claims fabricated rumors or blamed a hacked account.
Crypto Economy and BlockchainReporter both cover BitMart's unpaid-salary and withdrawal dispute but disagree on the founder's name and on whether he called the claims fabricated rumors or blamed a hacked account.
What all sources agree on
- A Chinese-language X account made claims about blocked user funds and unpaid employee salaries at BitMart.
- BitMart's founder publicly responded to the claims on X.
- Users are demanding that BitMart disclose its wallets, assets, and liabilities.
- BitMart has not published a full asset and liability disclosure as of the reports.
Where the reports disagree
1What the founder said about the disputed claims
Xia responded on Monday on X, dismissing the official account's claims as "fabricated rumors" and announcing that he would file a police report and a legal letter with the social network to demand technical and forensic data analysis.
BitMart founder Sheldon Lee responded by saying the account was hacked.
What would settle it: The founder's original statement on X and any accompanying police report or legal letter referenced in it.
2The founder's name
The internal conflict at BitMart escalated publicly after its official Chinese-language account on platform X demanded that founder Sheldon Xia explain the fate of user funds and present a reimbursement plan before Wednesday, August 19.
BitMart founder Sheldon Lee responded by saying the account was hacked.
What would settle it: BitMart's official corporate registration or leadership page identifying the founder by legal name.
What to make of it
Treat the underlying dispute over unpaid salaries, blocked withdrawals, and calls for disclosure as established; treat the founder's name and his explanation for the disputed claims (hacked account vs. fabricated rumors) as unresolved until BitMart or the founder issues a clarifying statement.
Treat the underlying dispute over unpaid salaries, blocked withdrawals, and calls for disclosure as established; treat the founder's name and his explanation for the disputed claims (hacked account vs. fabricated rumors) as unresolved until BitMart or the founder issues a clarifying statement.
