BitMart unveils restructuring plan with three recovery options for users
- —User balances will be converted to a dollarised amount using weighted average prices from July 26, 2026
- —Option 1: immediate distribution of cash, stablecoins (USDC, PYUSD, USDT) and BTC, ETH, SOL
- —Option 2: a Restitution Token backed by future recoveries from the $319.5 million 2021 hack
- —Option 3: a Continuum Token tradable on DEXs, backed by investment assets and future profits
Why it matters: The plan sets a precedent for repaying exchange customers through tokens and could shape creditor expectations at other distressed platforms.
Source: PANews