BitMart: Appoints Alvarez & Marsal as Financial Advisor to Evaluate Orderly Withdrawal 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 evaluating BitMart's financial status, stakeholder-related matters, and arrangements for orderly withdrawals. Additionally, A&M will explore potential orderly business restart plans and other proposals submitted by third parties. BitMart stated that it will launch a dedicated user feedback network within 5 business days and plans to gradually announce specific arrangements for user feedback channels, opinion collection mechanisms, and action plans within 3 weeks. Furthermore, BitMart will appoint an independent third party in the short term to oversee the company's operations and asset custody during this period. Previously, BitMart's official announcement regarding the "Latest Update on Potential Restructuring and Business Recovery Plan" indicated plans to resume partial business operations in an orderly and phased manner, with the latest follow-up notification to be released no later than September 9.