BitMart: Appoints Alvarez & Marsal as Financial Advisor to Evaluate Orderly Withdrawals and Potential Business Restart Plans

Odaily Planet Daily News: BitMart announced on the X platform that it has decided to appoint Alvarez & Marsal (A&M) as its financial advisor to assist the company and its legal counsel in assessing BitMart's financial condition, stakeholder matters, and orderly withdrawal arrangements, as well as to study potential orderly business restart plans and other proposals put forward by third parties.

BitMart stated that it will publish a dedicated user feedback website within 5 business days, and plans to gradually disclose specifics regarding user feedback channels, opinion collection mechanisms, and action plans within 3 weeks. In addition, BitMart will appoint an independent third party in the short term to supervise the company's operations and asset custody during this period.

Previously, BitMart had issued an "Announcement on Potential Restructuring and Business Recovery Plans," indicating its intention to gradually resume part of its business operations in phases, with the next update to be released no later than September 9.