‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express
Binance’s bStocks have become the second-largest tokenized stock issuer within two months of launch, signaling rapid growth in the sector. Meanwhile, BitMart faces public scrutiny over an internal feud and alleged fabricated rumors…
Cointelegraph by Andrew Fenton
Publisher Cointelegraph
Aug 18, 2026 at 1:28 AM UTC · 4 min de lecture
Entities
binance
Last Updated
il y a 2 jours
Points Clés
- Binance bStocks reached the position of second-largest tokenized stock issuer roughly two months after launch.
- The article highlights growing competition and demand in tokenized stocks.
- BitMart’s internal dispute has become public as the platform approaches closure.
BitMart’s official Chinese-language X account has publicly demanded that founder Sheldon Xia explain the whereabouts of user funds and produce a repayment plan.
It said some users were unable to withdraw funds and some employees have not received their final salary or compensation and threatened Xia that if he does not provide a verifiable asset disclosure and repayment plan by the deadline, it would continue to submit evidence to regulators, law enforcement, lawyers and the media.
Xia called the claims in the post “fabricated rumors” and promised a counter-attack.
“We have collected full evidence of the content on X, all of which is fabricated rumors. During daytime US time, we will file a police report and send a lawyer’s letter to X, demanding technical and data forensics,” Xia said.
Binance bStocks pass xStocks as second-largest tokenized stock issuer
Binance bStocks have overtaken xStocks to become the second-largest tokenized stock issuer by value less than two months after launch.
BStocks reached about $624 million on Aug. 3, surpassing xStocks at roughly $579 million but trailing Ondo Finance at about $927 million, according to Token Terminal data.
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