Crypto Trading and Lending Company BlockFills Has Applied for Bankruptcy Protection with Liabilities Up to $500 Million

DeepFlowTech · 2026-03-16T02:44:49+00:00

Chicago-based crypto trading and lending firm BlockFills filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court for the District of Delaware on March 15, 2026, with estimated assets between $50 million and $100 million and liabilities between $100 million and $500 million. The company suspended customer deposits and withdrawals due to poor market and financial conditions, and plans to conduct bankruptcy restructuring under court supervision to protect customer interests.

DeepFlowTech

2026-03-16 02:44:49

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Deep Tide TechFlow News, March 16, reports that Chicago-based crypto trading and lending company BlockFills filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court in Delaware on March 15, 2026. Estimated assets are between $50 million and $100 million, with liabilities ranging from $100 million to $500 million.

Previously, in February, the company suspended customer deposits and withdrawals citing “poor market and financial conditions,” and faced an asset misappropriation lawsuit filed by Dominion Capital.

BlockFills stated that bankruptcy restructuring is “the most responsible way forward,” and will proceed with an orderly reorganization under court supervision, while seeking additional liquidity sources and potential strategic transactions, prioritizing customer interests. In 2025, the company’s trading volume exceeded $61 billion, serving over 2,000 institutional clients worldwide. Major investors include Susquehanna Private Equity Investments and the venture capital division of CME Group.

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