BlockFills files for Chapter 11 bankruptcy after suspending withdrawals and deposits
Crypto Briefing
BlockFills has filed for Chapter 11 bankruptcy following a suspension of withdrawals and deposits due to market volatility.Summary
Crypto trading platform BlockFills filed for Chapter 11 bankruptcy on March 15, 2026, after halting client deposits and withdrawals. The decision, made after discussions with stakeholders, aims to preserve business value and maximize recoveries. Court filings indicate BlockFills estimates its assets between $50 million and $1 billion, with liabilities between $100 million and $500 million, and anticipates 1,000 to 5,000 creditors. The 30 largest unsecured claims exceed $119 million, primarily from customers. 007 Capital LLC is the largest creditor with a $17 million claim. BlockFills processed $61 billion in trading volume in 2025 and serves approximately 2,000 institutional clients.
(Source：Crypto Briefing)