Crypto Firm BlockFills Suspends Withdrawals Amid $75 Million Loss

BlockFills, a leading provider of liquidity and lending services to institutional cryptocurrency traders, is facing significant financial difficulties.

The company has frozen client withdrawals following a $75 million loss tied to its crypto lending operations. This move has raised concerns about the firm's solvency and counterparty risk in the crypto market.

BlockFills' CEO, Nicholas Hammer, departed the company in February 2026, with Joseph Perry taking on an interim role. The company is actively seeking a buyer or strategic investor to address its financial situation.