BitMart Proposes Plan to Address Users’ Unsettled Balances
Users could receive liquid assets or exchange dollarized balances for Restitution or Continuum tokens. BitMart plans to consult its 50 largest users over the next three to four weeks.
BitMart has proposed an arrangement requiring court approval for users with unsettled balances, offering a choice between distributions of liquid assets and two recovery tokens.
Under the preliminary plan, a court-appointed officer would convert each account balance into a U.S. dollar amount using the weighted average prices of the relevant tokens from July 26, 2026, through a specified record time. Users could then receive proportional distributions in fiat, stablecoins and liquid assets including Bitcoin (BTC), Ether (ETH) and Solana (SOL).
The alternative options are a Restitution Token backed by proceeds recovered from the 2021 hack and a Continuum Token linked to BitMart’s investment interests, proceeds from illiquid or nonstandard assets and, if the business secures enough funding to restart, a portion of future distributable profits.
The proposal follows BitMart’s account shortfall after a difficult 2026 crypto market, losses tied to volume-driven trading incentives and panic withdrawals, and the 2021 attack that caused about $319.5 million in digital-asset losses. BitMart also determined that a proposed $10 million investment would not resolve the gap.
Over the next three to four weeks, BitMart plans to consult its 50 largest users by balance and publish estimated recovery rates for each option.
