BitMart has published an initial restructuring proposal offering users a choice between upfront distributions and tokens linked to future recoveries. Its official roadmap schedules consultation for October 2026 and targets a court application in December or January. The proposal is not an approved repayment arrangement.
Under the draft, account holdings would first become a dollar-denominated balance. BitMart proposes using weighted average token prices from July 26 to a record time that has not yet been specified. That balance would be the starting point for selecting options, rather than a promise that the full amount will be paid immediately.
One option would distribute available liquid assets proportionately. A Restitution Token would instead depend on recoveries of funds from the exchange's 2021 hack. A separate Continuum Token would be linked to investments, sales of illiquid assets and potential future profits if sufficient funding permits the business to restart.
The earlier restructuring update had described a possible alternative to a full wind-down, with phased operations subject to further assessment. The new proposal puts specific choices and a consultation timetable around that process. Approval and implementation remain future steps.
For users comparing these choices, the important difference is timing and uncertainty. A claim on future proceeds is not the same as cash available today. Its eventual value depends on what can be recovered or sold, the expenses of that process and the final terms. Tradability would not by itself guarantee a buyer or a reliable price.
A complete comparison needs estimated returns, expenses and final legal terms for each option. Users should distinguish the amount shown in an account from the value a proposed recovery instrument might eventually deliver. The document describes a possible path forward, rather than a completed recovery.