Crypto lender BlockFills files for Chapter 11 bankruptcy after weeks of turmoil
BlockFills has filed for Chapter 11 bankruptcy due to financial distress following weeks of halted client withdrawals and legal challenges.Summary
Crypto trading and lending firm BlockFills filed for Chapter 11 bankruptcy on Sunday, citing weeks of turmoil and a months-long downward spiral. The company, operating as Reliz Ltd., reported estimated assets between $50 million and $100 million and liabilities between $100 million and $500 million. BlockFills stated the bankruptcy process is the most responsible path forward to restructure, stabilize the business, and explore strategic options. The filing follows a temporary suspension of client deposits and withdrawals in February, triggered by liquidity shortages, and a temporary restraining order issued by a U.S. federal judge in a lawsuit brought by Dominion Capital, which accused BlockFills of misappropriating customer assets. BlockFills processed over $61 billion in transaction volume in 2025 and serves over 2,000 institutional clients.
(Source：The Block)