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Bitmart founder knocks back fund misappropriation rumors, commits to orderly wind-down

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FOMOGRAM Editorial Desk
Aug 8, 2026
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Bitmart founder knocks back fund misappropriation rumors, commits to orderly wind-down
EXECUTIVE SUMMARY

Bitmart founder Sheldon Xia has denied that the exchange had fled with customer funds. He told account holders on X that the team is still working through asset inventory, asset consolidation, and system maintenance, with formal announcements to follow. In his post, which was written in Chinese and shared on August 8, Xia first stated...

Bitmart founder Sheldon Xia has denied that the exchange had fled with customer funds. He told account holders on X that the team is still working through asset inventory, asset consolidation, and system maintenance, with formal announcements to follow. In his post, which was written in Chinese and shared on August 8, Xia first stated...

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