Decision record: retire BitMart integration

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Summary

Record the decision to discontinue BitMart integration in this project.

Decision Rationale

This decision is based on publicly reported reserve-composition and asset-safety concerns, and the resulting loss of confidence in using BitMart within this project.

This is a project risk-management decision only. It does not verify, determine the cause of, or assign responsibility for any reported issue.

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Third-party Threads posts raised questions about SISC and its prominence in BitMart’s publicly displayed reserve information:

• https://www.threads.com/@txiang.039/post/DYKVKpmEpaKMPcBnduJdtBIkV8IZkNVKVzCKQI0
• https://www.threads.com/@txiang.039/post/DYLtVEqEiRiUkVBqGDyUdllakIpWNLwXwj6RjE0
• https://www.threads.com/@txiang.039/post/DYXgKepkiV0uWwKx9y2MT94bKrIbsU9wgFcDWA0

SISC is described by public sources as a token associated with Shirushi Inc.’s Web3 products and services. The concern is not its stated use case alone, but the potential liquidity risk associated with a large concentration in a single token.

As of 2026-07-12, CoinMarketCap displayed approximately $121.1M of SISC among BitMart’s reported assets, while displaying approximately $346K in 24-hour SISC trading volume. Reported market value and trading volume do not guarantee that a large position can be liquidated quickly without materially affecting the market price.

This concentration warrants further clarification regarding SISC liquidity, valuation, custody, and whether the publicly displayed reserve information is sufficient to assess the coverage of customer liabilities. It does not by itself establish insolvency, misrepresentation, or wrongdoing.

Data sources:

• https://coinmarketcap.com/exchanges/bitmart/
• https://coinmarketcap.com/currencies/shirushi-coin/

This publicly displayed snapshot may be incomplete and is not an audit of BitMart’s total assets or customer liabilities.

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BitMart has officially announced an orderly wind-down of its trading platform.

https://x.com/BitMartExchange/status/2081197305491845201?s=20