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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.
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Chicago-based crypto lender Blockfills, backed by Susquehanna, is exploring a sale following losses of about $75 million amid a market downturn. The firm suspended client deposits and withdrawals last week but allowed continued trading for certain positions. It reported over $60 billion in trading volume for 2025.
Mutuum Finance, an Ethereum-based DeFi project focused on lending and borrowing, has advanced through Roadmap Phase 2 while surpassing $19 million in funding. The initiative now boasts over 18,400 token holders as it prepares for a V1 testnet launch. This development highlights steady growth in the competitive DeFi lending sector.