OpenGradient CEO raises concerns over possible BitMart bankruptcy

OpenGradient co-founder and CEO Matthew Wang raised the possibility that exchange BitMart could face bankruptcy, saying his market-making team's funds remain frozen on the platform and cannot be withdrawn. Wang claimed BitMart asked token holders to lock up assets on the platform just one week before announcing a service shutdown, arguing the campaign was largely aimed at pulling in liquidity. The claims have not been independently verified, and BitMart has not issued an official response to Wang's allegations. BitMart's founder had previously said the company was aiming to complete an orderly wind-down of the business and asked users to wait for a notice.