Crypto trading and lending firm BlockFills has filed for Chapter 11 bankruptcy in Delaware. Court filings show the company has liabilities estimated between $100 million and $500 million against assets valued between $50 million and $100 million. The move comes after the firm froze customer withdrawals in early February, citing liquidity issues amid market instability.
The cryptocurrency firm BlockFills has filed for Chapter 11 bankruptcy protection following cash flow problems. The filing was submitted by Reliz CI Ltd, the operating company, in the U.S. Bankruptcy Court in Delaware.
Court papers showed the firm possesses assets worth between $50 million and $100 million. Its debts are estimated to be between $100 million and $500 million.
The company’s board approved the filing via a written resolution dated March 9, 2026. The directors determined a Chapter 11 proceeding was in the best interest of the company and its creditors.
BlockFills halted deposits and withdrawals for customers in early February. It described the pause as a “protective measure” to address liquidity conditions.
During the freeze, trading remained active for its over 2,000 institutional clients. These clients generated more than $61 billion in trading volume on the platform in 2025.
A list of the 30 largest unsecured creditors was included in the filing. Claims range from $1 million to over $17 million.
The largest claim belongs to 007 Capital LLC for about $17.1 million. Other notable creditors include Nexo Capital, Dominion Capital, and the Chicago Blackhawks hockey team.
Some claims, including a $4.7 million one from Dominion Capital, are listed as “unliquidated.” Dominion previously accused BlockFills of misappropriating client funds.
