Overview
- CoinDesk reported, citing two people with knowledge, that Blockfills incurred about $75 million in lending losses, and one said the firm is seeking a buyer; the company declined to comment on those specifics.
- The Chicago firm suspended deposits and withdrawals on Feb. 11 and said it is working with investors and clients to restore liquidity.
- A spokesperson confirmed the suspension remains in place and declined to address the reported sale process, according to CoinCentral.
- Clients can still open and close certain spot and derivatives positions in limited circumstances, the company said.
- Blockfills processed over $60 billion in 2025 trading volume, serves roughly 2,000 institutional clients, and counts Susquehanna among backers of its 2022 Series A that brought total funding to about $44 million.