OpenGradient CEO Alleges BitMart Is Insolvent, Says Funds Are Stuck

OpenGradient co-founder and CEO Matthew Wang alleged that his market-making team is unable to withdraw funds held on crypto exchange BitMart, which he claimed is insolvent.

Wang also accused BitMart of encouraging token holders to lock assets on the platform about a week before announcing its shutdown. He alleged that the campaign was primarily intended to attract liquidity. 

However, the claims have not been independently verified. BitMart has not directly responded to Wang’s allegations.

Source: Matthew Wang