Crypto news: BlockFills halts withdrawals, restricts trading, according to reports

Institutional crypto platform BlockFills, which is backed in part by Susquehanna Investment Group and recorded $60 billion in trading volume last year, has reportedly halted client deposits and withdrawals, and restricted trading, citing recent market and financial conditions to protect clients and the firm. A spokesperson confirmed the temporary suspension of deposits and withdrawals, noting that clients could still trade to open and close positions in spot and derivatives markets under select circumstances. This action follows a significant acceleration in the crypto market slide, reminiscent of the 2022 crypto winter when many platforms suspended withdrawals before collapsing.

(Source：CoinDesk)