Coin World News, OnchainLens reported that Bitmart did not process any withdrawals of altcoins, stablecoins, or Bitcoin exceeding $25,000 within the past 24 hours. On-chain data shows that during this period, retail users, market makers, or listed projects did not make any large withdrawals from Bitmart. In addition, Bitmart’s global CEO was removed from office on July 24 and was not informed of the decision to shut down the exchange. He said: “I was not involved in the decision announced today, I was not consulted, and I was not told about it. I found out only after it was made public.” The data source comes from tracking 2.5 million on-chain addresses related to Bitmart.

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