BitMart (GBM Global Ltd)
Compliance snapshot
- US FinCEN MSB registration; no EU or UK authorization
- Cayman-domiciled parent with limited public disclosure
- Trustpilot 2.5/5 · 1,470 reviews
- December 2021 hot-wallet theft of roughly USD 196m
Only a US MSB registration underpins the venue, and the December 2021 hot-wallet theft of roughly USD 196m remains the defining event in its record.
Licenses & registrations
- 🇺🇸 United StatesRegisteredMSB registrationFinancial Crimes Enforcement NetworkFinCEN31000-1809-44772018-09-13Verify at source
- 🇰🇾 Cayman IslandsNot licensedCompany registration (no financial services licence)Cayman Islands Monetary AuthorityCIMAKY-3419082017-08-02Verify at source
Reputation
- App Store
- 3.7
- Google Play
- 3.3
Recent press
- 2026-06-13BitMart expands token listingsNeutral
CoinDesk — Listing volume increased despite continued scrutiny of screening standards.
- 2026-03-27Legacy incidents still shape counterparty viewsNegative
Reuters — Banks cited the 2021 breach when assessing exposure to the venue.
- 2025-12-08Exchange adds withdrawal whitelistingPositive
Bloomberg — Security controls were extended for retail accounts.
- 2025-09-02Cayman venues face disclosure pressureNegative
Financial Times — Operators were urged to publish entity and reserve information.
- 2025-04-14Reserve attestation covers major assetsNeutral
CoinDesk — A partial attestation was published for the first time since 2022.
Incidents & enforcement
- 2021-12-04HackUSD 196,000,000
Hot-wallet compromise across Ethereum and BNB Chain wallets; the operator said it reimbursed affected users from its own funds.
- 2023-05-19Outage
Withdrawals paused for around eight hours during a wallet-infrastructure upgrade.