Echo Base assists in forming BitMart creditor committee to recover frozen assets

Echo Base assisted in the formation of the BitMart Creditors Committee on September 2nd, hiring legal advisors to evaluate recovery plans on behalf of users holding frozen assets. Echo Base proposed a funding plan of up to $10 million on August 6th to support BitMart's bankruptcy filing, but received no response. Sonn Law Group is conducting an investigation into users whose assets on BitMart have been frozen for $500000 or more. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027. （Bitcoin.com News）