BitMart faces withdrawal halt rumors with only $650K in USDT reserves

Reports are circulating of withdrawal delays and suspensions at global cryptocurrency exchange BitMart. According to a South Korean online community, while BitMart's Proof of Reserves (PoR) totals approximately $169 million, the majority consists of low-liquidity tokens such as SISC, TBC, and its native token, BMX. The exchange's holdings of USDT, crucial for processing withdrawals, amount to only about $650,000. Additionally, BitMart is reportedly not integrated with South Korean exchanges under the Travel Rule.