BlockFills was backed by investors including Susquehanna and CME Ventures.
BlockFills goes bankrupt
Approximately a month after halting deposits and withdrawals, citing liquidity issues and "recent market and financial conditions", the American crypto lender BlockFills has filed for bankruptcy. Filings in Delaware bankruptcy court reveal the company has between $50 million and $100 million in assets and between $100 million and $500 million in liabilities. The list of creditors include customers like 007 Capital and Artha Investment Partners, and the firm has a $4.75 million loan outstanding to fellow crypto lender Nexo. Also on the list of creditors are the Chicago Blackhawks, with whom BlockFills signed a sponsorship deal in 2022.
- Chapter 11 Voluntary Petition, Reliz Technology Group Holdings Inc.