US EditionCrypto Trading Firm Blockfills Has Filed for Bankruptcy
BlockFills halted withdrawals in February and faces a lawsuit alleging misappropriation as it seeks court-led restructuring to address $75 million losses and creditor claims.
- Filed in Delaware, the Chapter 11 petitions by Reliz Ltd., BlockFills operator and debtor, and three affiliated entities, on March 15, 2026.
- On March 16, BlockFills halted withdrawals amid market stress; CoinDesk reported a $75 million loss and that the co-founder stepped down during funding efforts.
- The filings show assets of $50 million to $100 million against liabilities of $100 million to $500 million, highlighting creditor claims and asset shortfalls.
- A U.S. federal judge last week issued a TRO and froze bitcoin tied to the dispute, prompting BlockFills to state the filing aims to preserve value and maximize recoveries.
- Serving about 2,000 institutional clients, BlockFills' failure is notable for industry impact, processed over $60 billion in 2025, and backed by Susquehanna Private Equity Investments and CME Ventures.
23 Articles
23 Articles
Chicago-based crypto trading firm BlockFills files Chapter 11 bankruptcy; Blackhawks among the creditors
Pushed over the edge by recent customer lawsuits and a “crypto winter” that saw Bitcoin valuation halved, Chicago-based trading firm BlockFills filed for Chapter 11 bankruptcy protection Sunday in a Delaware court.
17:01 BlockFills, the American cryptocurrency trading platform, is initiating judicial reorganization proceedings. It is thereby one of the first victims of the new malaise in the crypto market.
BlockFills filed for bankruptcy and restructuring after its business failed. Read more
Crypto Trading Firm BlockFills Files for Bankruptcy After $75M Loss
Just a few months ago, BlockFills was still processing billions of dollars in crypto trades for hedge funds and large investors. On the surface, it looked like business as usual. But behind the scenes, financial pressure was building. Now, the Chicago-based crypto trading and lending firm has turned to the courts for protection. BlockFills, through its parent entity Reliz Ltd. and affiliated companies, has filed for Chapter 11 bankruptcy in the …
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