Crypto trading firm Blockfills has filed for bankruptcy

Blockfills, a Chicago-based crypto trading firm, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The filing comes after the company suspended withdrawals, incurred approximately $75 million in losses, and faced legal action from Dominion Capital alleging misappropriation of customer funds. Blockfills cited the challenging crypto winter and the need to preserve business value and maximize stakeholder recoveries as reasons for the bankruptcy filing. The company previously reported processing over $60 billion in trading volume in 2025 and serving around 2,000 institutional clients. Nicholas Hammer, the co-founder and CEO, has stepped down, with Joseph Perry now serving as interim CEO. The situation highlights the ongoing pressures within the crypto industry and the increasing scrutiny of crypto lending platforms.

(Source：CoinDesk)