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Crypto

BitMart to wind down crypto exchange after 9 years, to end operations in January 2027

BitMart will end operations of its global cryptocurrency exchange after 9 years, with full shutdown set for Jan. 31, 2027 at 1559 UTC. Trading is being restricted in phases, including halts to new account openings, deposits and new spot and futures orders. Automated services will also be wound down. Users will still be able to log in for a period after operations stop to review records and request withdrawals, but enhanced checks may apply.

Crypto

Russian state bank Sberbank steps up crypto trading infrastructure, aims for Dec. 1

Russia\'s largest bank Sberbank plans to build cryptocurrency trading infrastructure by Dec. 1, including a digital depository for recording ownership and processing most transactions off the main blockchain. It also plans to operate active wallets for deposits, withdrawals and transfers. The move comes as Russia advances a comprehensive legal framework for crypto markets, setting supervision by the central bank, eligibility thresholds and regulated participant categories. The EU and Britain have tightened sanctions, including on exchange HTX.

Crypto

BitMEX former customers file class action lawsuit on closure announcement day over insider trading allegations

Two former BitMEX customers filed a class action lawsuit against the cryptocurrency exchange and three co-founders on the day it announced plans to close in September. A report by The Block said BKX Services and David Namdar alleged BitMEX ran a private insider trading desk and traded against clients using account information. They also alleged deliberate server stoppages during volatile periods to block access and trigger forced liquidations.