Bitmart's difficulty in withdrawing cash from customers WOOX Ambassador said Bitmart restricted withdrawals for security reasons or constituted embezzlement of user funds

In response to the details of the official withdrawal announcement released by Bitmart, trading platform WOOX Ambassador Baki issued an article on the X platform saying,"BitMart Exchange restricts user withdrawals for security reasons, and its shutdown of the automatic withdrawal function may cause a large number of users to be unable to complete the withdrawal of funds. The platform changes the withdrawal process to manual review, requiring users to submit account identity and KYC information verification, login device and IP address and account security status verification, withdrawal address and blockchain transaction risk review, fund source and transaction history review, TravelRule compliance and other regulatory inspections such as regulatory inspections, and additional documents such as identification, address proof, fund source proof or withdrawal address ownership certificate if necessary." Baki recommends that users who have P2P options can withdraw cash to their bank accounts through this channel; he also emphasized that the crypto market is not decentralized, but is controlled by a few large groups, exchanges and funders.