When will the BitMart contract be delivered?

BitMart has not specified a precise delivery date for compensation payments, but they will commence in March 2022 and continue until all impacted users are compensated.

Nov 23, 2024 at 09:52 am

When Will the BitMart Contract Be Delivered?

Introduction

BitMart is a centralized cryptocurrency exchange based in the Seychelles. In December 2021, BitMart announced that it had suffered a security breach, resulting in the theft of large amounts of digital assets from its hot wallets. In response to this breach, BitMart announced a compensation plan for affected users.

Terms of the BitMart Compensation Plan

The BitMart compensation plan includes the following terms:

• All affected users will receive 100% of their lost assets, up to a maximum of $100,000.
• Payments will be made in the form of a “mystery box”, which will contain a random assortment of cryptocurrencies.
• Payments will be distributed on a monthly basis, starting in March 2022 and continuing until all affected users have been compensated.

Delivery Timeline

BitMart has not yet announced a specific delivery date for the compensation payments. However, the company has stated that payments will begin in March 2022 and continue until all affected users have been compensated.

Steps to Receive Compensation

To receive compensation under the BitMart compensation plan, affected users must complete the following steps:

1. Submit a claim form. The claim form can be accessed on the BitMart website. The deadline to submit a claim is March 31, 2022.
2. Provide proof of your losses. Affected users must provide proof of their losses, such as a transaction history or a statement from another exchange.
3. Receive your payment. Payments will be made in the form of a “mystery box”, which will contain a random assortment of cryptocurrencies. Payments will be distributed on a monthly basis, starting in March 2022.

Questions and Answers

Q: What is the maximum amount of compensation that I can receive?

A: The maximum amount of compensation that you can receive is $100,000.

Q: What is a “mystery box”?

A: A “mystery box” is a random assortment of cryptocurrencies. The contents of each mystery box will vary from box to box.

Q: When will I receive my payment?

A: Payments will be distributed on a monthly basis, starting in March 2022. The exact date of your payment will depend on your place in the compensation queue.

Q: What if I have not received my payment by the deadline?

A: If you have not received your payment by the deadline, please contact BitMart customer support.