Athene Network ($ATN), a recognized player in the blockchain industry, has publicly announced the termination of its association with BitMart, a well-known cryptocurrency exchange. According to Athene Network’s statement, the collaboration has come to an end, and its native $ATN token will be delisted from BitMart. This news was officially communicated to the public via social media.
The reason behind this abrupt termination, as claimed by Athene Network, is an alleged lack of transparency on the part of BitMart. The blockchain platform has accused the crypto exchange of engaging in several non-transparent actions that have raised serious concerns for the network. It is these alleged transgressions that have forced Athene Network to sever ties with BitMart.
Specifically, Athene Network pointed to BitMart allegedly blocking withdrawals while continuing to allow deposits. This action resulted in a situation where customers were able to deposit their $ATN tokens into the exchange, but were unable to withdraw them. This led to a significant level of confusion and financial inconvenience for $ATN token holders.
In addition to these allegations, BitMart has also been accused of facilitating direct sales of $ATN tokens on its platform. This action resulted in a significant and unjustified decrease in the market value of $ATN. Notably, the sale was conducted without the consent of Athene Network.
These alleged actions have raised serious concerns for Athene Network regarding transparency and potential market manipulation by BitMart. As a result, Athene Network has decided to unilaterally terminate its business relationship with BitMart.
In light of this decision, trading and deposits of $ATN tokens on BitMart will be suspended starting April 9, 2025. Following this, withdrawals of $ATN tokens will also be suspended starting on June 9, 2025.
This development serves as a reminder of the importance of transparency and accountability in the rapidly evolving world of blockchain technology and cryptocurrency exchanges. It also highlights the potential risks associated with centralized exchanges and the need for clear and open communication between platforms and their users. While the full impact of this decision remains to be seen, it is clear that both Athene Network and BitMart will face significant changes in the coming months.
