Key facts
- BitMart founder Sheldon Lee dismissed claims of blocked withdrawals and unpaid salaries.
- Lee attributed the claims to a hacked X account.
- Employees are demanding a disclosure of funds and a repayment plan.
- The deadline for the repayment plan is August 19.
- Employees threatened regulatory action if demands are not met.
- Lee called the allegations 'fabricated rumors'.
BitMart founder Sheldon Lee has publicly dismissed allegations of blocked withdrawals and unpaid employee salaries, characterizing them as 'fabricated rumors' originating from a compromised X account. The claims surfaced as employees issued demands for a transparent disclosure of company funds and a concrete repayment plan by August 19. These employees have indicated they will pursue regulatory action if their demands are not met. Lee's statement aims to counter the narrative spread through the hacked account, asserting that the company's operations remain unaffected by these accusations. The situation highlights a significant internal dispute, with employees seeking financial recourse and clarity on the company's financial health, while the founder insists on the veracity of the company's operational status.