BitMart will suspend new user registrations, deposits, and trading on August 26. After 7 years of operation, the crypto exchange will close permanently on January 31, 2027. Users will still retain access to their accounts for withdrawals. Nathan Chow was also ousted, and he learned about the liquidation of the exchange from general news reports. Last week, the crypto exchange BitMEX also announced its closure. In turn, its executives, including Arthur Hayes, were sued for market manipulation on the exchange. Miner Poolin Technology also announced that it is ceasing operations. In 2019, the company was the world’s largest provider of cryptocurrency mining pools. After China banned mining in 2021, the company relocated its operations to the United States. It took out a $213 million loan backed by $355.8 million in crypto assets. However, after the market crash, liquidation followed. The company’s assets are now estimated at $52 million, with liabilities of $173.1 million.