BitMart withdrawals slow down after wind-down announcement, users complain of delays and freezes as exchange wallets drop to $69M and BMX token crashes 81%.

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BitMart, a cryptocurrency exchange, has announced it is winding down operations, triggering significant user concerns. Reports indicate that withdrawals from the platform have slowed, with users complaining of delays and freeze notices. Attributable wallets have dropped to approximately $69 million, reflecting a sharp reduction in exchange assets. Additionally, BitMart's native token, BMX, has plummeted 81.5% over the past week, underscoring market anxiety. The situation highlights ongoing risks in the crypto exchange sector, where sudden closures can lead to liquidity crunches and user fund access issues.