BlockFills, a cryptocurrency trading firm, has filed for Chapter 11 bankruptcy due to severe liquidity issues and $75 million in financial losses from loan operations. The company holds assets valued between $50 million and $100 million but faces liabilities ranging from $100 million to $500 million.
The firm suspended client deposit and withdrawal services to protect against market volatility. A court has frozen 70.6 Bitcoin following a lawsuit by Dominion Capital over mismanaged funds.
Once serving thousands of institutional clients, BlockFills processed over $61 billion in trading volume in 2025. It now seeks restructuring under court supervision to stabilize operations and explore strategic alternatives.