Crypto M&A: Susquehanna-backed Blockfills seek sale after millions in lending losses
CoinDesk
Susquehanna-backed crypto lender Blockfills is seeking a buyer after suffering approximately $75 million in losses during the recent market downturn.Summary
Blockfills, a Chicago-based crypto lender supported by trading giant Susquehanna, is reportedly looking for a buyer following approximately $75 million in losses incurred during the recent market downturn. The company temporarily suspended client deposits and withdrawals last week, citing market and financial conditions, though trading for opening and closing positions remained available. Blockfills, which serves about 2,000 institutional clients, had previously transacted over $60 billion in trading volumes in 2025. This halt in withdrawals echoes the 2022 crypto winter events involving firms like Celsius and Genesis, as the crypto market struggles with cautious investor sentiment and volatility in early 2026.
(Source：CoinDesk)