Press Release
BitMart Facing Formal Inquiry from Scandic Coin Over Extended Delays in SNC Token Withdrawal Processing
Hamburg, Germany, August 3rd, 2026, Chainwire
SCANDIC COIN (SNC) is once again calling on the cryptocurrency exchange BitMart to process three outstanding withdrawals from the approved institutional account without delay, or to provide a full, written and transaction-specific explanation for their continued non-execution.
Four PDF documents captured on 3 August 2026 from the BitMart account interface:
provide specific transaction data in this regard. These PDF records show the details of the outstanding withdrawals; a fourth page confirms that BitMart had approved the institutional verification of the operating company, which is why the withdrawals must not fail any KYC/KYB or AML checks under any circumstances.
BitMart’s own records document three withdrawals that remain unprocessed
The detail pages were saved on 3 August 2026 between 07:15:28 and 07:20:09. The ETH network is shown for all three withdrawals:
Transaction 31942705 – USDT, ETH network; created on 26 July 2026 at 08:54:11; amount shown 21,898.086448 USDT; fee shown 3.1; no completion date; 0 out of 12 confirmations; status ‘Processing’; TXID ‘No Record’.
Transaction 31943017 – SNC, ETH network; created on 26 July 2026 at 09:07:20; amount shown 926,634.6 SNC; fee shown 18; no completion date; 0 out of 12 confirmations; status ‘Processing’; TXID “No Record”.
Transaction 31944747 – USDT, ETH network; created on 26 July 2026 at 10:14:45; amount shown 255.704753 USDT; fee shown 3.1; no completion date; 0 out of 12 confirmations; status ‘Processing’; TXID “No Record”.
The two USDT records together total exactly 22,153.791201 USDT; in addition, there are 926,634.6 SNC. At the time of the backup, none of the three detail pages showed a completion date or a blockchain transaction ID. All records remained at 0 out of 12 network confirmations. Judging by the creation and backup times visible in the PDFs, the withdrawal orders had been pending for almost eight days at that point.
A smaller SNC withdrawal, however, is shown as successful
The ‘Recent Withdrawals’ overview visible on the same BitMart pages also shows transaction 31944807 for 4,332.39 SNC. This withdrawal is shown as having been completed on 27 July 2026 at 11:40:33, with 12 out of 12 confirmations and the status ‘Succeed’.
This entry does not explain why the three larger withdrawals have still not been processed. However, it does document that, during the relevant period, BitMart recorded at least one other SNC withdrawal as having been successfully completed. This is precisely why a specific explanation is required as to why transactions 31942705, 31943017 and 31944747 were treated differently and had not even been assigned a TXID by 3 August.
The institutional account had been approved by BitMart
A fourth BitMart page, archived on 3 August 2026 at 07:23:24, explicitly confirms the approved institutional verification. Among other things, BitMart lists higher deposit and withdrawal limits, the option to set up up to 50 sub-accounts, and uninterrupted VIP customer service as benefits of institutional status. SCANDIC COIN explains that the assets in question were funded by the operating company via a bank transfer from its German business account to BitMart and are economically attributable to the company. According to the company’s account, these are not open trading positions nor are they assets that belong economically to BitMart.
Approved institutional verification excludes a lawful, transaction-related review in accordance with anti-money laundering, sanctions, security or risk regulations. A blanket reference to compliance would therefore not address the specific facts visible on BitMart’s own platform.
A public explanation was already demanded on 28 July 2026
The withdrawal issue was not first made public on 3 August. As early as 27 July 2026, SNC SCANDIC COIN had publicly documented the outstanding withdrawals and expressly demanded an immediate explanation from BitMart – this has still not happened to date, so it must be assumed that there is apparently no longer any staff at BitMart available to respond to press enquiries!
English:
Chinese:
https://www.hamburgeranzeiger.de/Wirtschaft/710086-bitmart-22000-usdt-930000-snc-48-bitmart.html
Demands were made for either the immediate release of the assets or a detailed written explanation setting out the specific legal, compliance, technical or security-related reason, as well as a binding completion date. BitMart was thus publicly and unambiguously confronted with the specific questions by 28 July at the latest: Why has the withdrawal not been completed? When will the assets be released? And does the platform still have the operational and financial capacity to fulfil legitimate withdrawal requests in full?
According to SCANDIC COIN, BitMart had still not provided a case-specific explanation as of today, 3 August 2026. Several days after the public request, BitMart’s own pages continue to show the three transactions at 0 out of 12 confirmations, with no completion date and no TXID. The lack of a specific response is therefore not merely a minor communication issue, but a key part of the documented sequence of events.
The specific sequence of events could strongly suggest that BitMart’s cessation of business operations was not normal or orderly
BitMart itself described the closure of its trading platform as an orderly, transparent and responsible process and stated that the withdrawal service would remain available. It is precisely against these own commitments that the practical handling of the matter must be measured. An orderly closure presupposes that, in the event of an exceptionally long delay, a verified institutional client receives a concrete, comprehensible and verifiable explanation in a timely manner.
If three precisely identified withdrawals totalling 22,153,791,201 USDT and 926,634.6 SNC remain stuck without a TXID after nearly eight days, and an explanation publicly requested as early as 28 July has still not been provided by 3 August, this could strongly suggest that the specific process can no longer be classified as a normal and orderly cessation of business operations. This in itself proves neither insolvency nor the unlawful misappropriation of assets. However, it gives rise to substantial, objectively verifiable doubts as to whether BitMart’s announced orderly and transparent winding-up is actually being implemented in this specific case. BitMart must now provide concrete evidence rather than general assurances
SCANDIC COIN therefore calls on BitMart to immediately:
- to execute transactions 31942705, 31943017 and 31944747;
- to provide the full TXID for each blockchain transaction executed;
- to explain precisely why no blockchain transaction has been generated to date, if this is still the case;
- to confirm in writing whether the assets represented by the three withdrawal records are fully available to the operating company of SNC SCANDIC COIN;
- to explain why the smaller SNC transaction 31944807 is shown as having been successfully completed, whilst the three larger withdrawals remain at 0 out of 12 confirmations;
- to explain why the statement, which was publicly requested as early as 28 July 2026, had not been provided by 3 August 2026, and to specify a binding completion date.
STATEMENT FROM THE OPERATING COMPANY OF: SNC SCANDIC COIN
“An orderly winding-up, such as the one BitMart grandly and publicly described as ‘orderly’, must also be orderly in practice.” SNC SCANDIC COIN had already publicly and unequivocally called on BitMart to provide a specific explanation on 28 July 2026. To date, 3 August 2026, to the best of our knowledge, BitMart has provided us with neither the TXIDs nor a satisfactory, transaction-specific explanation. BitMart’s own pages show three precise transaction numbers, exact amounts, exact creation times, 0 out of 12 confirmations, the ongoing status ‘Processing’ and no TXID. The same overview shows a smaller SNC payout as having been successful, whilst the three larger transactions remain outstanding. An orderly winding-up of business operations must also be orderly, transparent and verifiable in practice. Nearly eight days without any blockchain transactions and several days without a response to a public request could strongly suggest that this can no longer be described as a normal settlement process. We demand not speculation, but verifiable facts and the immediate release of our own assets; anything else would constitute deliberate embezzlement and theft. Should this be the case, a criminal complaint would be filed, accompanied by a public media appeal and the publication in the media of photographs of the responsible operators of BitMart.” SCANDIC COIN / SNC: Office@ScandicCoin.dev
Contact
Lina Brugger
Office@ScandicCoin.dev
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Beyond the $40 Billion RWA Headline: Drofa Comms × RWA Summit Report Identifies Four Challenges for 2027
London, The United Kingdom, November 3rd, 2026, FinanceWire
The value of distributed tokenised real-world assets (RWAs) approached $40 billion by 13 October 2026, according to RWA.xyz. At the beginning of the year, though, it stood at approximately $21.5 billion, according to Binance Research. Yet, despite this near-doubling in value, the figures say little about how easily investors can trade these assets, use them as collateral or exercise their rights in cross-border transactions.
This divergence between issuance and real-world use is the outset for “Tokenise First, Figure It Out Later: The RWA Dilemma”, a new report from Drofa Comms in collaboration with RWA WEEK, organiser of RWA Summit Singapore 2026. Drawing on discussions at the 9 October summit, where Drofa Comms participated as a media partner of RWA WEEK, the report examines what it takes for tokenised assets to develop functioning markets, meet legal requirements and deliver measurable financial benefits.
Looking ahead to 2027, Drofa Comms identifies four indicators that offer a more useful measure of RWA market maturity than the total value of assets issued on-chain:
- Secondary-market activity: Trading depth and turnover, alongside realistic opportunities for investors to sell tokens after issuance.
- Institutional capital efficiency: Measurable reductions in pre-funding requirements and the ability to use tokenised holdings as collateral.
- Legal certainty: Enforceable ownership and redemption rights, including workable arrangements for cross-border transactions.
- Commercial sustainability: Repeat customer activity and revenues sufficient to support viable services.
The report scrutinises how regulatory requirements differ between jurisdictions, what it takes to develop genuine secondary markets and how tokenised assets may function as collateral. It also examines institutional and everyday payments, from reducing pre-funded balances through stablecoin settlement to connecting digital assets with payment cards.
“The RWA industry faces a test of maturity. As the value of tokenised assets grows, the question is how much of that growth translates into functioning markets, wider use by financial institutions and measurable economic benefits. Issuance figures alone cannot be the answer. At Drofa Comms, we believe that the industry’s development also depends on how openly companies address the challenges involved. Investors and financial institutions need enough information to assess both the opportunities and the limitations of tokenisation,” said Valentina Drofa, Founder & CEO of Drofa Comms.
Beyond investment products, the report also highlights how digital assets are already being used in traditional industries.
“Everyone is talking about the tokenization of financial products and real estate, but the real movement is happening in industries you probably wouldn’t expect. Think trade finance operators, the shipping industry, or precious metals mining businesses. They are already using stablecoins for cross-border transactions and understand why instant settlement is better than T+2.” said Ivan V. Ivanov, Founder of UVECON.VC, UVC GROUP and RWA WEEK commented on these developments.
The report draws on perspectives from speakers and experts affiliated with TRM Labs, Galaxy, Sygnum Bank, Nethermind, Spartan Group, Theoriq, Reap, KAST, Algebra / Theorem, Drofa Comms and other organisations.
Read the full report: https://www.drofa-ra.com/rwa-summit-singapore-2026-drofa-comms-rwa-week-report/
About Drofa Comms
Founded in 2011, Drofa Comms is a London-headquartered PR agency specialising in finance, fintech and blockchain communications. The agency has worked with more than 1,000 companies worldwide and has a team of over 30 professionals and advisers. Its proprietary initiatives include Women Leading the Way, Crypto Edu and Communicate Fintech.
About RWA WEEK and RWA Summit
RWA WEEK is an international industry initiative dedicated to real-world asset tokenisation and its applications in finance and business. Its Singapore 2026 edition included RWA Summit Singapore on 9 October, bringing together financial institutions, investors and digital-asset companies to discuss market developments, emerging use cases and barriers to adoption.
Contact
Drofa Comms
info@drofa-ra.co.uk
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
SHARJAH, UAE, November 3rd, 2026, As part of its efforts to strengthen strategic partnerships and expand cooperation with global companies, Sharjah Asset Management, the exinvestment arm of the Government of Sharjah, has signed a Memorandum of Understanding (MoU) with MELT Global to strengthen collaboration and explore new opportunities that support the shared priorities and objectives of both parties. The agreement reflects Sharjah’s appeal as an investment destination and reinforces its position as an economic hub offering an integrated business environment that supports the establishment, growth and regional expansion of businesses.
The MoU was signed by H.E. Dr Waleed Al Sayegh, Chief Executive Officer of Sharjah Asset Management, and Steve Harvey, Owner and Founder of MELT Global, in the presence of representatives from both parties.
The MoU outlines MELT Global’s plans to relocate its regional headquarters to Thara, the latest development owned by Sharjah Asset Management in the emirate. This step reflects both parties’ commitment to expanding their cooperation and capitalising on available opportunities and potential, supporting their future ambitions and opening new avenues for collaboration.
The move also reflects MELT Global’s confidence in Sharjah’s competitive advantages, including its attractive investment environment, advanced infrastructure, and integrated operational capabilities and logistics services, which cater to businesses’ needs, enhance operational efficiency and support their expansion.
H.E. Dr Waleed Al Sayegh said: “At Sharjah Asset Management, our investment vision is centred on developing assets and enhancing their ability to attract economic activities and strategic partnerships, creating new growth opportunities and maximising the value of our projects. We are also committed to building high-quality partnerships that attract expertise, open new avenues for cooperation and foster integration across different sectors.
“We welcome this partnership with MELT Global and look forward to its presence at Thara adding value to the business ecosystem. We believe this MoU will create new opportunities for collaboration and the development of joint initiatives that fulfil both parties’ ambitions and support sustainable growth. This aligns with our vision of developing sustainable investments that contribute to diversifying Sharjah’s economy and strengthening its presence across the business, media and creative industries.”
The MoU reflects both parties’ commitment to building a sustainable collaborative relationship, leveraging their respective expertise and capabilities, and exploring strategic opportunities to develop joint areas of work and initiatives that deliver added value to both sides. It also forms part of their broader efforts to strengthen effective partnerships and maximise synergies, supporting further development and growth opportunities while deepening cooperation across areas of mutual interest.
MELT Global’s decision to choose Sharjah reflects the emirate’s strong economic and investment fundamentals, which reinforce its position as a centre for business and investment. This is underpinned by the diversity of its economic sectors, the development of its infrastructure and operational capabilities, as well as the availability of logistics services and business support solutions.
Sharjah also offers an environment that enables companies to capitalise on available opportunities, build relationships and establish partnerships that support the development of their activities and strengthen their presence in regional markets. Together, these advantages make the emirate an attractive destination for global companies seeking to establish operations and expand their business from Sharjah.
The selection of Thara to host MELT Global’s regional headquarters reflects the project’s ability to provide a business-friendly environment, supported by integrated facilities, services and operational capabilities. The company’s presence at Thara will also contribute to diversifying the range of activities hosted by the development, while creating opportunities for engagement and collaboration with organisations and institutions operating across the emirate and the wider region.
The MoU underscores both parties’ commitment to continuing to build sustainable strategic partnerships, leverage complementary expertise and capabilities, and explore new avenues for cooperation. This will contribute to creating added value for both parties, supporting development and growth, and further strengthening Sharjah’s position as an attractive destination for investment and business.
About Sharjah Asset Management
Sharjah Asset Management is the investment arm of the Government of Sharjah. It seeks to advance economic and social development and accelerate the emirate’s sustainable economic growth through partnerships with the public and private sectors, encouraging investment and promoting corporate social responsibility. This is achieved through the optimal use of resources, addressing the needs of the Sharjah community and ensuring sustainable well-being.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Made By WiFi Publishes a Free Year-End Guide to Help Offices Check Their WiFi Before Budgets Are Set
The six-step guide takes office managers and IT leads through a coverage, equipment and security audit, a site survey, and a budget request.
Long Island City, New York, United States, 3rd Nov 2026 – Made By WiFi, an enterprise wireless and event WiFi company, today published a free six-step guide that helps office managers, IT leads and operations teams review their office WiFi while budgets for the coming year are being planned.
Office WiFi is easy to ignore until it fails, but budget season is when it is easiest to fund. A written list of what is actually wrong, such as a conference room that drops calls or an access point that has been running since before the last office move, carries far more weight in a budget request than a general complaint that the network is slow.
The guide, “Year-End WiFi Checklist for Your Office,” breaks the review into six steps. The first four are a self-audit that a small office can complete in an afternoon: walking the space to note where the signal fails, taking stock of equipment and WiFi standards, checking security and guest access, and finding out who owns and monitors the network. Step five is a wireless site survey, which turns those observations into measurements. Step six puts the findings into a budget request.
The guide also explains why timing matters. Once a budget is set, new spending has to be justified against items already approved. A survey, a written recommendation, approval and installation each take time. And equipment bought without a survey tends to leave some rooms with too many access points and others with too few.
A site survey from Made By WiFi measures signal strength, coverage and interference, and produces a written report with coverage heatmaps, recommended access point positions and an equipment specification. The report is delivered in an industry-standard format and can be taken to any installer. Surveys are done on site in New York and New Jersey and remotely for businesses anywhere in the country. Businesses that are not ready for a survey can use Made By WiFi’s wireless network consulting for an independent view on what to do next.
The full guide is available at https://madebywifi.com/blog/year-end-office-wifi-checklist/.
About Made By WiFi
Made By WiFi designs, installs and supports enterprise wireless networks and provides WiFi for events. Since 2017, the company has helped businesses get reliable connectivity in offices, warehouses, hotels, healthcare facilities and temporary event spaces, with recommendations based on what each environment needs and not on a preferred brand. Hands-on work is delivered in New York and New Jersey, while wireless site surveys and 5G hotspot kit rentals are available to businesses across the United States. Learn more at https://madebywifi.com.
Media Contact
Organization: Made by Wifi
Contact Person: Alex Yakubov
Website: https://madebywifi.com/
Email: Send Email
Contact Number: +19177798071
Address: 40-09 21st St Suite 317, Long Island City, NY 11101
City: Long Island City
State: New York
Country: United States
Release id: 50446
View source version on King Newswire:
Made By WiFi Publishes a Free Year-End Guide to Help Offices Check Their WiFi Before Budgets Are Set
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Beyond the $40 Billion RWA Headline: Drofa Comms × RWA Summit Report Identifies Four Challenges for 2027
Made By WiFi Publishes a Free Year-End Guide to Help Offices Check Their WiFi Before Budgets Are Set
MELT Global Chooses Sharjah as Headquarters for Its Operations
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