Independent claims-registry resource — not affiliated with the exchange, its advisers, or any committee. No fees are charged to claimants. Never share your seed phrase or exchange password here.

The exchange's three proposed options, explained

Source: the exchange's "Initial Indicative Proposal" announcement (captured October 11–14, 2026, preserved in the companion evidence record). This page paraphrases; read the original before deciding anything. Nothing here is legal or financial advice.

First: the "Dollarised Account Balance"

Under every option your claim is converted to a US-dollar amount, priced by reference to a "Record Time" the exchange will set, and adjudicated by a court-appointed officer. Two consequences worth understanding now:

You are being made a creditor, not an owner. Whether the crypto in your account was your property held on trust — which would change everything — is exactly the legal theory at least one claimant-side firm (asset-ownership litigation) is built on. Signing the proposal's paperwork may foreclose that argument. Get advice before electing.
Dollarization at a chosen record time is a valuation fight. The price basis, the record time, and who the adjudicator is will all matter to your number.

The options

Option 1 — Upfront distribution (take the haircut now)

A pro-rata payment "comprising value from fiat assets, stablecoins and blue-chip tokens… using BitMart's currently available liquid assets." Read carefully: "currently available liquid assets" is the exchange's own admission that only a fraction of customer assets is liquid. Whatever the pool is, it is split pro-rata across every claimant who elects in — the percentage is unknowable until the liquid-asset figure and the claim total are both disclosed.

Option 2 — Restitution Token (bet on recovery)

Convert each dollar of claim into a unit of a new "Restitution Token" backed by recoveries from the exchange's pursuit of the 2021 hack proceeds. The proposal states private forensic reports indicate "pockets of value… held with certain centralized exchanges." You would be taking a token whose value depends on forensic recovery succeeding — a litigation bet, tradable but uncertain.

Option 3 — Continuum Token (equity conversion)

Convert your claim into a token backed by the exchange's private-equity investments, illiquid/"esoteric" asset disposals, and — only if funding exists to restart the business — a share of future profits. This is the longest-duration, most speculative option: a DEX-tradable IOU on an insolvent company's reorganization.

What to watch

Deadline pressure is a tactic as well as a timeline. Consultation October; court application targeted December 2026–January 2027; the "top 50 users by value" are being consulted first — large holders' choices may shape the plan before smaller claimants see terms.
Who advises whom. The proposal directs questions to a single @bitmart.com mailbox for both named advisers. As of mid-October 2026, neither adviser's engagement is independently confirmed on their own channels — asserted by the exchange, echoed by press. Verify engagements off-channel.
You can hold more than one position. Registering a claim here, joining a committee's register, and preserving your documents are not mutually exclusive and do not commit you to any option.
Selling your claim is a fourth option nobody proposed. Claims-purchasing desks exist. An early offer prices in the buyer's margin.

Independent community-maintained resource. Paraphrase of a public announcement; source captured and preserved in the companion evidence repository. Not legal, financial, or tax advice.