USDGOLD (USDG)

⚠️ BitMart Is the Next FTX ?

There are too many red flags.

> CEO Statement:
Just 2 days before @BitMartExchange announced it would wind down its operations, @50nent was removed as CEO.

Why was this done right before the announcement? Something looks very suspicious.

He clearly stated that he had no role in the company's management or decision-making.

If users later face withdrawal issues, he can simply say: "My role had already ended on July 24."

> Now here's the concerning part:
Based on the on-chain data, BitMart's hot wallet has only around $1M in liquid funds.

How will they process customer withdrawals after that?

> Meanwhile, users are reportedly facing:
• KYC requests again
• Funds being frozen after KYC for manual review
• Requests to provide source of funds
• Emails claiming they made "too many withdrawals"

What is happening in this industry?

If BitMart was already facing liquidity issues, why didn't they stop operations 3–5 months ago instead of continuing to onboard users?

If users don'