echo base to assist in the formation of a bitmart creditor committee to recover frozen assets

echo base assisted in the formation of the bitmart creditor committee on 2 september and engaged legal counsel to assess the recovery programme on behalf of users holding frozen assets. on 6 august, echo base submitted a financial programme of up to $10 million to support the submission of a bankruptcy application by bitmart, but did not respond. sonn law group is investigating users who have been frozen at or above $500,000 in bitmart. chief executive officer roshan dhara, echo base, stated that the bitmart employee plan was only operational until january 2027。