The well-known blockchain project, Athene Network ($ATN), has officially cut its relationship with Bitmart, a popular crypto exchange. According to Athene Network, it is no longer a Bitmart partner, and has announced the deprecation of Bitmart’s native $ATN tokens. The platform used social media to disclose this exclusive development.
Athene Network ends collaboration with Bitmart based on expected fraud
In that announcement, Athene Network claimed its collaboration with Bitmart has officially ended. The main reason behind this separation is alleged misconduct by Bitmart. Centralized crypto exchanges probably do not maintain transparency. In this respect, the platform pointed to some non-transparent actions on the side of Bitmart. Such operations raise concerns for the Athene Network.
Athene Network reportedly was forced to cut Thailand as a result of alleged violations of the collaboration by Bitmart. While creating specific references, Athene Network highlighted the blockage of withdrawals in parallel with deposit permission. Therefore, Crypto Exchange allowed consumers to deposit their $ATN tokens while maintaining their withdrawals.
This development has led to confusion and paved the way for inconvenience and economic losses for those who own $atn tokens. Apart from that, another complaint against Bitmart is the organization of direct sales of $ATN tokens on the platform. This reportedly paved the way for an unfair and pure decline in the market value of $atn. In particular, Bitmart ran this development without the consent of Athene Network.
$ATN Transactions and Deposits to be suspended on April 9, 2025
According to the Athene Network, these frauds have caused serious unrest over transparency and market manipulation at the hands of Bitmart. With these things in mind, Athene Network has finally moved to a one-sided termination in the case of its business relationship with Bitmart. For this reason, $ATN token trading and deposits are scheduled to be suspended on the 9th of this month. Following that, on June 9, 2025, the $ATN withdrawal will also be suspended.
