# Echo Base digital asset restructuring activities

> Live situation record from CLSTR: https://clstr.news/situations/echo-base-digital-asset-restructuring-activities
> Updated: 2026-09-29T14:02:15.000Z. Sources: 4. Developments: 2.

Echo Base, a firm specializing in distressed digital-asset companies, has initiated efforts to recover frozen assets for BitMart users. Following BitMart’s decision to wind down operations by January 31, 2027, and its failure to respond to a $10 million restructuring proposal, Echo Base formed an ad hoc committee of claimholders. This committee is evaluating recovery options, including the possibility of forcing an involuntary insolvency case.

In response to these market challenges, Echo Base has expanded its operations by launching Echo Base Restructuring (EBRx). This new crisis advisory line is intended to assist digital asset firms with liquidity shortfalls, regulatory enforcement, and frozen or seized assets, aiming to provide professional distress infrastructure for the sector.

## Timeline

### 2026-09-29: Echo Base launches EBRx crisis advisory for digital asset firms

Echo Base has launched Echo Base Restructuring (EBRx), a specialized advisory line to help digital asset companies navigate liquidity crises, regulatory actions, and shareholder disputes.

2 sources. https://clstr.news/cluster/echo-base-launches-ebrx-crisis-advisory-for-digital-asset-firms

### 2026-09-03: Echo Base forms BitMart claimholder group to recover assets

Echo Base has organized a committee of BitMart claimholders to recover frozen assets following the exchange's failure to respond to a $10 million bankruptcy restructuring proposal.

2 sources. https://clstr.news/cluster/echo-base-forms-bitmart-claimholder-group-to-recover-assets

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Cite as: Echo Base digital asset restructuring activities. CLSTR, https://clstr.news/situations/echo-base-digital-asset-restructuring-activities