BlockFills Freezes Client Funds — Is Another Crypto Crisis Unfolding?
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 […]
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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 […]
BlockFills, a Chicago-based institutional crypto lender and liquidity provider, has temporarily stopped client bitcoin deposits and withdrawals after a sharp slide in Bitcoin. Related Reading: Stablecoins See Largest Conversion Spreads In Africa, Research Shows The firm told customers the move was taken “in light of recent market and financial conditions,” report say. Trading access for […]
Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.We’re excited to announce the....
With the current macroeconomic crisis unfolding and many European countries at risk of debt defaults, bitcoin enters the ring as a neutral reserve asset.
Amidst the ongoing crypto market consolidation and Bitcoin (BTC) above the $60,000 support level, a looming concern has surfaced regarding a potential new crash. This time, experts suggest that the turmoil might extend beyond geopolitical tensions and oil prices, finding its roots in a deepening liquidity crisis unfolding in Japan. Japan’s Low‑Rate Model At Risk? […]