BitMart has announced a preliminary proposal to address users' outstanding balances through a court-approved arrangement. BitMart stated that factors such as the crypto market downturn in 2026, wash trading groups exploiting rebate and zero-slippage incentives for profit, and panic withdrawals have led to business losses. This was compounded by the December 2021 hacking incident, which resulted in approximately $319.5 million in digital asset losses and created a gap in the balance sheet. Management believes that the $10 million investment proposed by a digital asset investor is insufficient to resolve the current issues. The proposed plan will convert users' account balances into USD based on the weighted average price of relevant tokens between July 26, 2026, and a designated record date, subject to court-appointed review. Users can choose to receive proportional payouts in fiat currency, stablecoins, and liquid assets like $BTC, $ETH, and $SOL, or exchange them for Restitution Tokens backed by recovered stolen assets. Alternatively, they can opt for Continuum Tokens, supported by proceeds from BitMart's investment equity, non-liquid and non-standard asset disposals, and a portion of future distributable profits if the business secures sufficient funding to restart operations. BitMart plans to consult with the top 50 users ranked by account balance value over the next 3 to 4 weeks and will disclose the estimated recovery ratios for each option. https://(wublock123.com)/news/bitmart-proposes-preliminary-plan-asset-allocation-or-two-token-reclaims-69325