Bullish
BitMart Founder Denies Rug Pull, Confirms Ongoing Asset Inventory and Orderly Withdrawal Plans
2026-08-08 21:00
Sheldon rejects exit scam allegations, citing active asset consolidation and system maintenance. He proposes third-party audits to ensure transparency while processing withdrawals.
Woofun AI reports that BitMart founder Sheldon addressed user concerns regarding suspended withdrawals by denying any intention to execute a rug pull. He urged the community to disregard unverified claims from former or current employees, stating that the core team is actively conducting asset inventory, consolidation, and system maintenance. Sheldon emphasized that no assets were misappropriated and indicated plans to engage courts and third-party audit firms to provide transparent reports, aiming for an orderly resolution.
WOOFUN AI
Impact Assessment · Quick Read
The founder's denial of a rug pull and commitment to third-party audits may help stabilize user sentiment amid withdrawal suspensions. However, reliance on external audits introduces latency, potentially prolonging uncertainty. If the inventory process confirms solvency, it could mitigate broader contagion risks in the exchange sector, though operational delays remain a near-term friction point.
Generated by WOOFUN AI · For reference only, not investment advice
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