Crypto Credit Crisis Deepens As BlockFills Files For Bankruptcy
A Delaware court had already ordered 71 Bitcoin frozen over a customer fund dispute before crypto lender BlockFills formally declared it could no longer operate. That freeze — tied to a legal battle with creditors over how client money was handled — cast a shadow over the company well before it filed for Chapter 11 […]
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BlockFills, a Chicago‑based cryptocurrency trading and lending firm that caters to institutional investors, has temporarily halted client deposits and withdrawals following the latest sharp downturn in digital asset markets. The decision came after Bitcoin (BTC) dropped to around $60,000 last week before recovering some of its losses. A company spokesperson confirmed on Wednesday that the […]
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC). Celsius Follows Voyager, Files for Chapter 11 Bankruptcy Crypto lender Celsius Network announced Wednesday that it has “filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New....
Voyager files for Chapter 11 bankruptcy due to their large exposure to Three Arrows Capital as the contagion continues to spread across the market.
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay creditors.
Compute North Files for Chapter 11 Bankruptcy Protection
Five months ago last April, Compute North revealed the company was building a 300 megawatt (MW) data center in Texas. Months before that at the end of 2021, Compute North entered a deal with Marathon Digital Holdings (Nasdaq:....