BitMart said it will pursue a court-sanctioned plan letting users choose between upfront distributions, a Restitution Token tied to hacked-fund recoveries, or a Continuum Token backed by its investments and illiquid assets. The December 2021 hack drained roughly US$319.5 million and left a balance sheet deficit, while 2026 wash-trading exploits, bearish markets, panic withdrawals and data leaks worsened losses. Management rejected a US$10 million liquidity proposal as insufficient. Account balances will be dollarised, and consultation with the top 50 users begins over the next 3-4 weeks. Alvarez & Marsal and White & Case are conducting preliminary due diligence; distributions would be overseen by a court-appointed officer.

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