Sheldon Xia

Xia studied computer science at Hangzhou Dianzi University and subsequently pursued a computer science master’s at Stevens Institute of Technology. His public career profile lists the periods as 2011–2015 and 2015–2017.⁠[1]

He recalled discovering BitcoinBitcoinBitcoin (common symbol BTC) is an open peer-to-peer electronic cash protocol, network, and native digital asset. Full nodes independently verify transactions and blocks according to the consensus rules; transactions are recorded as UTXOs, and blocks are organized into a public ledger through proof of work. Bitcoin is not issued or managed by any single institution, but using, holding in custody, and trading it still involve key, privacy, market, and legal risks.Open the full entry through mining-chip coverage while running a technical-content aggregation page at university, trying computer mining, and joining the community at a 2013 Hangzhou Bitcoin gathering.⁠[2]

While studying in the United States, he explored algorithmic trading and Ethereum applications with classmates. After graduating in 2017, he chose to build an exchange and began preparing BitMart.⁠[2]

BitMart’s 2018 Chinese-language event notice identified him as CEO and gave his Chinese name, romanized Xia Erte.⁠[3]

The early exchange centered on spot trading. He promoted Mission X, connecting projects and users through BMX community backing and trading-fee distribution.⁠[4]

Following investment from Fenbushi Capital and Bitrise Capital, Xia emphasized capital formation and asset-project development, with Bo Shen among the strategic advisers.⁠[5]

His public career profile lists him as a founding partner of Cipholio Ventures from August 2021, extending his work into early-stage blockchain investing and startup support.⁠[1]

After the hot-wallet breach, Xia disclosed a stolen private key and pledged to compensate users with company funds. The commitment became important context for later disputes over assets and repayment.⁠[6]

In BitMart’s fifth-anniversary address, he connected Cipholio to the former BitMart Labs and discussed investment, incubation and education. He also advocated separating trading settlement from custody, naming partners including Copper and Cobo.⁠[7]

Xia participated in the BMX 2.0 public AMA, outlining expansion from exchange-token benefits toward wallets, decentralized trading and Layer 2 cooperation.⁠[8]

BitMart appointed him Group President and Nenter Chow Global CEO. The new division placed Xia’s emphasis on strategy, products and security while Chow led global operations.⁠[9]

WOO X announced a transfer to FusionX Digital and a Global Strategy Committee including Xia. He said its focus would include globally compliant development. The announcement established his committee role, not personal or BitMart ownership of WOO X.⁠[10]

After BitMart announced its phased wind-down, Nenter Chow said he had been dismissed on July 24 and had not been consulted on the decision.⁠[11]

BitMart’s Chinese X account demanded an explanation of user funds and repayment plans. Xia denied its allegations and said employees had no priority over other customers. The post’s authorship and control of the account were unconfirmed.⁠[12]

He wrote on X that he had stepped back from the exchange’s daily work and, alongside restructuring, was revisiting the 2021 hack trail with AI-assisted analysis and preparing renewed bounty efforts. He did not announce a completed recovery.⁠[13]

Xia said the financial and legal advisers had met the top 50 users retaining funds on the platform and anticipated further discussions. His update did not establish a final recovery percentage or completed payments.⁠[14]

His affiliations include BitMart, Cipholio Ventures and WOO X. His X account is https://x.com/sheldonbitmart (opens in a new window); its biography states that his Bitcoin involvement dates to 2013.⁠[15][1][10]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry professional profile: https://www.linkedin.com/in/sheldonxia/ (opens in a new window).⁠[16]