According to CoinMeta, echo and base assisted in establishing the bitmart creditor committee on September 2nd, hiring legal counsel on behalf of users whose assets were frozen to evaluate recovery options. echo and base proposed a funding plan of up to 10 million US dollars on August 6th to support bitmart's bankruptcy application, but did not receive a response. sonn, law, and group are currently conducting investigations into users whose assets frozen on bitmart amount to 500,000 US dollars or more. echo, the CEO of base, stated that bitmart's employees are only able to maintain operations until January 2027.