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BitMart Founder Dismisses Audit Calls Amid Claims of Blocked Funds

BitMart founder Sheldon Lee dismissed calls for a financial audit after social media reports alleged blocked user funds and unpaid employees.

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Marcus Webb · Crypto Desk · 18 Aug 2026 · 1 min read
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BitMart Founder Dismisses Audit Calls Amid Claims of Blocked Funds

BitMart founder Sheldon Lee has dismissed calls from users demanding a comprehensive audit of the cryptocurrency exchange's wallets, assets, and liabilities.

The push for transparency followed reports from a Chinese-language X account alleging that users were experiencing blocked funds and that employees had gone unpaid.

Lee stated that the social media account making the claims had been hacked, disputing the allegations of operational distress at the platform. Users, however, continue to press for a full disclosure of the exchange's financial standing and asset reserves.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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