While many Tier 2 exchanges might have been slow to react, to Bitmart’s credit, it communicated very frequently throughout. The following day, Xia returned to Twitter to announce that Bitmart’s other assets were secure and that the exchange would compensate affected users from its own funds. For an established exchange, this amount of loss wouldn’t be too crippling, especially if remaining users didn’t all withdraw at once. Immediately after the news, the Chinese community showed its resilien...

While many Tier 2 exchanges might have been slow to react, to Bitmart’s credit, it communicated very frequently throughout. The following day, Xia returned to Twitter to announce that Bitmart’s other assets were secure and that the exchange would compensate affected users from its own funds. For an established exchange, this amount of loss wouldn’t be too crippling, especially if remaining users didn’t all withdraw at once. Immediately after the news, the Chinese community showed its resilien...