BitMart exchange token BMX plunges more than 60% from yesterday

BitMart’s exchange token BMX plunged at around 11:35 a.m. UTC yesterday, falling more than 60% in one hour to around $0.11, before trimming some of its losses, BlockBeats reported. BMX was recently trading at $0.2044, down about 32.81%, according to CoinMarketCap. BitMart, a cryptocurrency exchange with Chinese roots, has recently faced user complaints over delayed and suspended withdrawals, amid concerns about insufficient reserves.