Crypto exchange BitMart saw withdrawals slow on Monday after announcing plans to wind down operations, with blockchain data showing limited outflows and customer accounts reflecting processing delays. Only 58 wallets moved roughly 805,000 dollars in assets over a 24-hour stretch, and no withdrawals were processed in an eight-hour window tracked that day. Exchange-linked wallets held about 69 million dollars in crypto, down from around 102 million dollars on July 6.

The platform had already stated that withdrawals remain open but may face extra compliance and security reviews covering customer identities, devices, addresses, trading histories and fund sources. Additional documentation such as proof of identity, residence, fund origins or wallet ownership could be required. Individual users described emails confirming completed USDT transfers that never appeared on-chain, accounts marked with withdrawal freezes, and small test transfers stuck pending for more than half an hour.

BitMart said on Sunday it would halt new registrations and deposits, limit new spot orders and futures positions, end trading services on Aug. 26 and shut down entirely by Jan. 31, 2027. Its native BMX token traded near 0.057 dollars on Monday after an 81.5 percent drop over seven days, having stood near 0.31 dollars late Friday before the closure news became public.

The episode has drawn attention to the practical challenges of returning customer funds in an orderly manner and whether any larger platforms might step in. Industry figures have noted that purchasing a centralized exchange carries higher risks than other acquisitions because of potential inherited security flaws, though such deals remain feasible under careful examination.