[Echo Base Forms BitMart Creditors' Committee to Pursue Frozen Assets] Odaily Planet Daily News: Echo Base, an institution focused on stable digital assets, assisted in forming the BitMart Creditors' Committee on September 2 to represent users holding frozen assets. They have hired legal counsel to evaluate recovery plans, including filing for bankruptcy proceedings without financial backing. On August 6, Echo Base proposed a funding plan of up to $10 million to support BitMart in submitting a pre-negotiated bankruptcy filing, but BitMart did not respond. Echo Base stated that these actions stem from BitMart's failure to respond to the restructuring proposal and users' withdrawal requests. Sonn Law Group has launched an investigation into users with frozen assets of $500,000 or more on BitMart to assess potential claims and asset recovery plans. Echo Base CEO Roshan Dharia stated that BitMart employees plan to sustain operations only until January 2027, and the longer the delay, the fewer viable solutions remain. (Bitcoin.com News)