INK Network News: BitMart Faces Pressure Over CPEN Withdrawals
Bablu Singh Nirwan
INK Network News: INK Team Challenges BitMart on CPEN Withdraw
The latest INK Network news centers on a public appeal to BitMart Exchange over ongoing withdrawal problems affecting CPEN token holders.
With BitMart's platform wind-down now in full motion, the INK-Core Team says holders are running into fees and minimums that make it practically impossible for many to retrieve their tokens.
Source: INKCoreTeam On X
Why This INK Network News Story Started
BitMart announced on July 26, 2026, that it would begin an orderly wind-down of its trading platform operations, citing the company's operating conditions and strategic direction.
According to BitMart's official notice, new registrations, deposits, and new positions began being suspended that same day, all trading services are set to stop on August 26, 2026, at 01:00 UTC, and the platform plans to fully cease operations by January 31, 2027.
BitMart is urging users to complete identity verification, close positions, and submit withdrawal requests before 05:00 UTC on August 26, 2026, warning that requests submitted after that window will move into a separate, dedicated processing procedure.
What INK's Open Letter to BitMart Says
In a public post, the INK Core Team laid out specific problems CPEN's holder are facing on BitMart:
The CPEN's withdraw fee and minimum sits at 16,689 CPEN's, a threshold many holders' balances simply don't reach.
Some CPEN withdrawal requests reportedly remain pending with no resolution.
No outgoing CPEN's transfer have been observed from the monitored BitMart wallet since August 7.
A request sent on July 27 asking BitMart's to lower the withdraw fee and minimum has gone unanswered.
The Core Problem This INK's Network News Update Highlights
The central issue is straightforward but serious: if a user's entire CPEN's balance falls below the 16,689 CPEN's minimum, they currently have no practical way to withdraw their tokens at all before BitMart's recommended August 26 deadline.
This creates a real risk that smaller holders could lose access to their funds simply because the minimum withdraw threshold exceeds what they hold.
What INK Is Asking BitMart's to Do
The INK's Core Team's open request outlines three specific asks:
Reduce the CPEN withdraw fee and minimum, giving smaller holders a realistic path to withdraw their tokens.
Process pending withdrawals, reviewing and completing legitimate CPEN withdraw requests as quickly as possible.
Respond to the CPEN team directly, noting that INK's is ready to provide any technical information may need to resolve the issue.
Community Safety Guidance From INK
Alongside the request to BitMart, the INK's Core Team also issued safety reminders for affected users.
Holders with a pending withdrawal or unresolved support case are advised to keep their records and submit one official support ticket if needed.
The team also warned users to stay alert for scammers and impersonators and to never share a seed phrase, private key, password, or verification code and never pay anyone claiming they can "unlock" or "recover" funds.
Conclusion
This INK Network news development shows a token community pushing back publicly after weeks of unresolved withdrawal issues tied to an exchange's shutdown.
With BitMart's own deadline for withdrawal submissions set for August 26, 2026, at 05:00 UTC, the clock is ticking for CPEN Network holders stuck below the withdrawal minimum, and INK's public request remains unanswered as of this report.
Whether BitMart's adjust its fee structure or processes the backlog before that date will determine how many holders are able to recover their tokens in time.
Disclaimer
This article is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research before making investment decisions.
