Former Bitmart employee DI: Bitmart management chaos and fraudulent behavior

Bank of Korea announced the launch of a cross-border enterprise payment service based on the Kinexys blockchain network in August. The service initially supports US dollar (USD) remittances and covers 10 countries including the United States, Saudi Arabia, Qatar, and the United Arab Emirates, shortening the time for cross time zone payments with regions such as the United States and the Middle East.

The Intermediate People's Court of Xilingol League, Inner Mongolia Autonomous Region, has made a second instance judgment on the illegal business case of Ma, which involves the use of the Sifang Payment Platform and USDT for gambling fund settlement. Between May 24, 2022 and October 18, 2023, Ma and five others settled amounts exceeding RMB 2.95 billion through 105 merchants of 10 third-party payment companies. The court found Ma guilty of illegal business operations and sentenced him to four years and six months in prison and a fine of 3 million yuan. The remaining four people were sentenced to imprisonment ranging from 3 to 6 years. (Pengpai News)

BitMart Global CEO Nenter Chow stated that he did not participate in BitMart's decision to cease trading platform operations on July 26th and was not consulted for opinions. Nenter Chow learned on July 24th that the company will terminate its global CEO position and will no longer be involved in BitMart management, decision-making, and operational matters from July 24th onwards. Nenter Chow suggests that users only obtain account information through official BitMart channels and follow the guidelines.

Former Bitmart employee and current WEEX employee DI stated on the X platform that Bitmart's internal management is chaotic, with unrealistic KPIs used to lower employee salaries and deceive employees, traders, and KOLs by refusing to pay salaries and bonuses. DI stated that the CEO of Bitmart attempted to extract funds during the Hong Kong conference and subsequently ceased activities.

Akraminia told TASNIM NEWS that the United States is attempting to open an illegal waterway in the Strait of Hormuz and violate the June bilateral memorandum, and Iran will take action to defend its rights. The Iranian military considers the US bases in Jordan, Kuwait, and Bahrain as core targets. The United States launched a 13 night strike against Iran, which subsequently hit US bases in Bahrain, Kuwait, and Jordan. According to US media reports, US President Trump suspended strikes on Friday due to concerns about intercepting missile inventories and leaving space for diplomacy.