$CPEN holders on BitMart now face a withdrawal minimum of 16,689 tokens, a figure higher than many entire balances on the exchange.
This cPen Network News update covers the growing standoff between the team and BitMart as the exchange moves through its 2026 wind-down.
Source: Official Announcement
Trading for $CPEN has effectively stopped on the platform, and outgoing transfers from BitMart's CPEN wallet have slowed to nothing. The result is a group of holders who technically own their tokens but cannot easily move them.
BitMart announced a full platform wind-down on July 26, 2026, with final closure on January 31, 2027. The exchange cited its operating conditions and future strategy, without offering much further detail.
Its global chief executive said publicly that he had been dismissed days before the announcement and had no part in the decision.
$CPEN turned out to be one of the tokens hit hardest by the crypto trading platform's shutdown. Market data on the exchange shows no active price and no trading volume for the token as of mid-August.
That leaves withdrawal as the only practical way left for holders to move the token off the exchange.
Key dates in the BitMart shutdown 2026-27 timeline:
July 26, 2026 – New registrations, deposits, and new orders paused; futures accounts shifted to reduce-only mode
August 26, 2026, 01:00 UTC – All spot and futures trading services end
August 26, 2026, 05:00 UTC – Recommended deadline for withdrawals requests
January 31, 2027 – Planned final closure, with limited login access kept afterward
Anyone tracking CPEN news today should treat August 26 as the date that matters most.
In this cPen Network News update, the fee itself is the biggest hurdle, blocking many holders from exit.
The token withdrawal fee sits at 16,689 $CPEN, and that same figure also works as the minimum withdrawal size. For smaller holders, this number is bigger than an entire position. In practice, withdrawal simply is not available to many accounts right now.
The network team reached out to the exchange's listing desk on July 27, one day after the wind-down was announced, asking for a lower threshold so smaller holders could still exit. As of August 16, that message has gone unanswered.
This $CPEN issue is not an isolated case. Other low-liquidity tokens have run into similarly high minimums during the wind-down, based on reports from several affected projects:
Paxi Network publicly asked BitMart to release holder and market-maker funds
Gen6 filed a police complaint tied to roughly $80,000 in refused withdrawals
Scandic Coin holders reported stalled USDT requests
$CPEN itself remains fully functional outside the exchange. It is a standard BEP-20 asset on BNB Smart Chain, and nothing about its contract requires special withdrawal handling.
The withdrawal issue here appears to sit entirely on the exchange side, not the token side.
On-chain records add another layer of concern. The team has been tracking BitMart's $CPEN wallet on BNB Smart Chain at address 0xeACB50a28630a4C44a884158eE85cBc10d2B3F10. That wallet shows zero outgoing $CPEN transfers since August 7, based on a review completed August 16.
Some holders report withdrawal requests pending for days. Others say support tickets have not received a reply. Similar patterns appeared right after the wind-down announcement, when on-chain trackers recorded long stretches of zero processing across several tokens during the early days of the closure.
BitMart's founder has denied any exit scam, pointing instead to internal maintenance and asset consolidation as the source of delays.
Some traders have compared the situation to the earlier BitMart vs BitMEX closure discussions, since wind-downs at other exchanges have raised similar withdrawal concerns before.
For anyone asking how to withdraw $CPEN from BitMart right now, a few steps can help:
Check the current balance against the 16,689 $CPEN minimum before attempting a withdrawal
Send funds to a self-custody BEP-20 wallet, such as MetaMask or Trust Wallet, and confirm the network is BNB Smart Chain
Keep a record of dates, amounts, and withdrawals or ticket numbers
File a support ticket through BitMart's official channel if the balance sits below the minimum and no ticket exists yet
Avoid opening duplicate tickets if a case is already on file
Update any BitMart-based deposit address saved inside the cPen app to a personal wallet
Selling CPEN on BitMart is still technically possible, though the price reflects a thin, largely inactive market rather than the token's broader value.
Holders should also stay alert for impersonators. Accounts posing as support may offer to "recover" or "unlock" funds in exchange for private keys, seed phrases, or a fee.
The team has stated clearly that it will never message first to ask for credentials or payment.
This cPen Network News piece has laid out the clearest options available for now. For latest news and any update, checking official channels directly remains the safest source of information.
BitMart's recommended withdrawals deadline lands on August 26, and requests filed after that point may face stricter review. Whether BitMart lowers the fee or clears the current backlog will likely define how this wind-down gets remembered.
For now, the clearest path for the token holders is documentation, steady follow-up through support channels, and a self-custody wallet ready the moment a withdrawal finally clears.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
