CPEN Holders Hit by BitMart Withdrawal Freeze
cPen Network News: BitMart CPEN Withdrawals Hit by 16,689 Token Minimum
BitMart users holding cPen Network’s $CPEN are facing a growing withdrawal problem as the exchange moves toward a planned shutdown. The current withdrawal requirement of 16,689 CPEN tokens is higher than the entire balance held by many smaller users, leaving some token holders unable to move their assets off the platform.
The situation has become increasingly urgent because BitMart has already announced a wind-down of its operations. Trading activity for $CPEN on the exchange has effectively stopped, while outgoing CPEN transfers appear to have slowed sharply.
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| Source: Official Announcement |
BitMart CPEN Trading Comes to a Halt
BitMart announced on July 26, 2026, that it would begin an orderly cessation of its operations, with the exchange scheduled to fully close on January 31, 2027. The platform cited its operating conditions and future strategy but provided limited additional information about the decision.
BitMart’s global chief executive also stated publicly that he had been dismissed days before the announcement and was not involved in the decision.
The shutdown has placed additional pressure on holders of smaller and lower-liquidity tokens, including CPEN. As of mid-August, market data indicated no active CPEN price or trading volume on BitMart.
That leaves withdrawals as the main option for users seeking to move their CPEN holdings away from the exchange.
The key dates for BitMart users are:
July 26, 2026: New registrations, deposits and new orders were paused, while futures accounts moved to reduce-only mode.
August 26, 2026, 01:00 UTC: Spot and futures trading services are scheduled to end.
August 26, 2026, 05:00 UTC: BitMart’s recommended deadline for withdrawal requests.
January 31, 2027: Planned final closure, with limited login access expected to remain afterward.
For CPEN holders, August 26 is therefore the most important date on the current BitMart shutdown calendar.
16,689 CPEN Withdrawal Minimum Creates Major Barrier
The biggest problem for smaller CPEN holders is the exchange’s withdrawal requirement.
BitMart currently lists a withdrawal fee of 16,689 CPEN, while the same amount also serves as the minimum withdrawal size. As a result, users with balances below that threshold may not have a practical way to withdraw their tokens.
The cPen Network team reportedly contacted BitMart’s listing desk on July 27, 2026, one day after the shutdown announcement, asking the exchange to reduce the minimum so smaller holders could withdraw their assets.
As of August 16, the request had reportedly received no response.
The problem is not limited to CPEN. Other projects have also raised concerns about withdrawals during BitMart’s wind-down. Paxi Network publicly asked BitMart to release holder and market-maker funds, while Gen6 filed a police complaint involving approximately $80,000 in refused withdrawals. Scandic Coin holders have also reported stalled USDT withdrawal requests.
For CPEN, however, the token itself remains operational outside BitMart. CPEN is a BEP-20 asset operating on BNB Smart Chain, meaning the current withdrawal difficulty does not appear to stem from a technical restriction in the token’s contract.
BitMart CPEN Wallet Shows No Outgoing Transfers Since August 7
On-chain activity has added another concern for CPEN holders.
The cPen Network team has been monitoring BitMart’s CPEN wallet on BNB Smart Chain at address 0xeACB50a28630a4C44a884158eE85cBc10d2B3F10. According to a review completed on August 16, the wallet had recorded zero outgoing CPEN transfers since August 7.
BitMart’s founder has denied claims of an exit scam and has attributed delays to internal maintenance and asset consolidation. Nevertheless, the combination of inactive trading, delayed withdrawals and the high minimum has created significant uncertainty among affected CPEN holders.
What CPEN Holders Should Do Before August 26
Users who still hold CPEN on BitMart should first check whether their balance meets the 16,689 CPEN withdrawal minimum.
If a withdrawal becomes available, holders should use a self-custody wallet compatible with BEP-20 assets and carefully select BNB Smart Chain as the network. Users should also keep records of withdrawal requests, transaction details, balances and support ticket numbers.
Those with balances below the minimum should contact BitMart through its official support channel and document the request. Users who already have an open support case should avoid creating unnecessary duplicate tickets.
CPEN holders should also review any BitMart deposit address previously saved inside the cPen application and replace it with a personal wallet address where appropriate.
Security is equally important. Users should be cautious of individuals claiming they can unlock or recover frozen CPEN in exchange for private keys, seed phrases or upfront payments. Legitimate support should never require users to disclose their wallet recovery credentials.
What Happens Next for CPEN on BitMart?
The immediate focus is whether BitMart will lower the 16,689 CPEN withdrawal requirement or process outstanding withdrawal requests before the August 26 deadline.
For now, CPEN holders should prioritize documentation, monitor official announcements and keep a compatible self-custody wallet ready. The token remains functional outside BitMart, but the exchange’s withdrawal conditions have created a significant obstacle for users attempting to recover their holdings.
The August 26, 2026, withdrawal deadline could become the defining date for CPEN holders affected by the BitMart shutdown. Until the exchange provides further clarity, users should rely on official channels and avoid anyone requesting private wallet credentials or payment to release funds.
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Crypto Market Analyst & Onchain Storyteller
Barland Vex is a veteran crypto writer who treats the chaos of digital markets as his playground. With a sharp instinct for reading Bitcoin's movements, DeFi waves, and the narratives that move millions of dollars in a matter of hours, Vex delivers analysis that's always one step ahead of the market itself.