Scandic Coin Issues Statement About BitMart Withdrawal Freeze and Lack of Funds
London, United Kingdom, July 27th, 2026, Chainwire
SCANDIC COIN (SNC) demands an immediate explanation from BitMart. According to SNC, a withdrawal request submitted on 26 July 2026 at 09:10:03 German time remained marked as “Processing” for more than 35 hours. At publication, 22,000 USDT and nearly 930,000 SNC had still not reached the designated wallets.
SCANDIC COIN states that timestamped screenshots document the balances, withdrawal request, amounts, date, time and continuing status. The assets are not BitMart’s property. According to SNC, they belong exclusively to its operating company, are not BitMart funds and are not locked in active trading positions.
BitMart has announced the wind-down of its trading-platform operations. In that context, a prolonged failure to release substantial company-owned assets — without a case-specific reason or reliable deadline — is unacceptable. An exchange instructing users to withdraw must demonstrate that withdrawals can actually be honoured.
The unavoidable question is: Is this a technical or compliance-related delay, or does BitMart lack sufficient liquidity, financial resources or operational capacity to honour withdrawals promptly and in full?
SCANDIC COIN is not asserting insolvency as a proven fact. But after more than 35 hours without payment or a satisfactory explanation, BitMart must dispel that concern immediately with verifiable facts.
BitMart Must Answer Immediately:
- Why is the withdrawal still marked “Processing”?
- Is a compliance, security or risk review pending, and are further documents required?
- When exactly will the 22,000 USDT and nearly 930,000 SNC be released?
- Does BitMart have sufficient liquid assets to honour all legitimate withdrawals in full?
Immediate Release or Escalation
SCANDIC COIN demands immediate release of the assets or a detailed written explanation identifying the precise legal, compliance, technical or security reason and a binding completion time. If BitMart fails to act, SNC will preserve the screenshots and account records and pursue all available legal and regulatory remedies.