BlockFills
Image generated by AI
BlockFills halts withdrawals amid crypto market slump
Reported by AI Image generated by AI
Institutional crypto platform BlockFills has temporarily suspended client deposits and withdrawals due to recent market conditions. The Chicago-based firm, which handled $60 billion in trading volume in 2025, allows limited trading to continue. The move echoes restrictions seen during the 2022 crypto winter.
Chicago-based crypto lender BlockFills has suspended client deposits and withdrawals following approximately $75 million in losses from its lending operations. CEO Nicholas Hammer stepped down in February 2026, with Joseph Perry appointed as interim CEO. The firm is now seeking a buyer amid a liquidity crisis.