Now, the company says it is exploring a way to remain open, according to an announcement published on its website Friday (Aug. 21).

“Following further discussions with members of the community, our stakeholders and professional advisers, BitMart is developing a potential restructuring plan as an alternative to a full wind-down,” the announcement said.

“The potential plan may include the phased resumption of certain operations in an orderly manner alongside distributions to creditors, subject to further legal, financial, operational and regulatory assessment.”

BitMart added that it has appointed the law practice White & Case as its…