BitMart reconsiders shutdown, reviews phased resumption through restructuring

Crypto exchange BitMart said it has withdrawn its earlier plan to shut down and is reviewing a phased resumption of operations through restructuring. BitMart said it held further discussions with community members, stakeholders and professional advisers, and is now preparing a potential restructuring plan instead of exiting the business. The plan could include an orderly, gradual restart of parts of its business, subject to additional legal, financial, operational and regulatory review, as well as asset distributions to creditors.