{"id":1553,"date":"2026-03-16T12:44:35","date_gmt":"2026-03-16T12:44:35","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=1553"},"modified":"2026-03-16T12:44:35","modified_gmt":"2026-03-16T12:44:35","slug":"crypto-lender-blockfills-files-for-chapter-11-with-up-to-500-million-in-liabilities","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/03\/16\/crypto-lender-blockfills-files-for-chapter-11-with-up-to-500-million-in-liabilities\/","title":{"rendered":"Crypto Lender BlockFills Files for Chapter 11 With Up to $500 Million in Liabilities"},"content":{"rendered":"\n
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Crypto lending and trading firm BlockFills has filed for Chapter 11 bankruptcy protection after experiencing liquidity problems that prevented customers from withdrawing their funds.<\/p>\n\n\n\n

The company, which handled tens of billions of dollars in trading volume last year, will now operate under court supervision as it attempts to restructure its debts and stabilize its business operations.<\/p>\n\n\n\n

Bankruptcy Filing Follows Withdrawal Suspension<\/strong><\/p>\n\n\n\n

On March 15, court documents revealed that Reliz CI Ltd, the entity operating BlockFills, filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware. According to the filing, the company reported assets ranging between 50 million and 100 million dollars, while its total liabilities were estimated between 100 million and 500 million dollars.<\/p>\n\n\n\n

The company\u2019s board approved the bankruptcy filing through a written resolution dated March 9, 2026. In the resolution, directors explained that they had evaluated the company\u2019s liquidity position and explored possible strategic options before concluding that filing for Chapter 11 would serve the best interests of both the company and its creditors.<\/p>\n\n\n\n

The board also authorized the appointment of several advisers to assist with the restructuring process. These include the law firms McDermott Will & Schulte LLP and Katten Muchin Rosenman LLP, along with financial advisory firm Berkley Research Group.<\/p>\n\n\n\n

Earlier in February, BlockFills halted deposits and withdrawals. The decision came during a period of market instability that followed new tariffs imposed by Donald Trump on several European Union countries, along with threats of 100 percent tariffs on Canadian goods.<\/p>\n\n\n\n

At the time, the company described the suspension as a protective step intended to address its liquidity situation. Despite the freeze on deposits and withdrawals, trading activity continued for more than 2,000 institutional clients, including hedge funds and asset managers. According to the firm, these clients generated more than 61 billion dollars in trading volume on the platform in 2025, representing a 28 percent increase compared with the previous year.<\/p>\n\n\n\n

Creditor List Reveals Exposure Across Multiple Firms<\/strong><\/p>\n\n\n\n

The bankruptcy filing also included a list of 30 of the company\u2019s largest unsecured creditors. Individual claims range from about 1 million dollars to more than 17 million dollars.<\/p>\n\n\n\n

The largest claim belongs to 007 Capital LLC with approximately 17.1 million dollars owed. This is followed by the Richard E. Ward Revocable Trust with about 9.4 million dollars and Artha Investment Partners LLC with nearly 7 million dollars.<\/p>\n\n\n\n

Other creditors listed in the filing include financial and cryptocurrency related companies such as Nexo Capital and Dominion Capital. The document also names the Chicago Blackhawks hockey team as a disputed trade creditor with an outstanding claim of roughly 1.26 million dollars.<\/p>\n\n\n\n

Some claims are described as unliquidated, meaning the final amounts could change during the bankruptcy proceedings. One such claim involves Dominion Capital, which listed a claim of about 4.7 million dollars. The firm previously accused BlockFills of misusing client funds and refusing to return cryptocurrency assets worth millions that had been stored on the trading platform.#crypto#cryptonews https:\/\/t.me\/coinsignalpublic<\/a> https:\/\/coinsignals.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto lending and trading firm BlockFills has filed for Chapter 11 bankruptcy protection after experiencing liquidity problems that prevented customers from withdrawing their funds. The company,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1553","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=1553"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1553\/revisions"}],"predecessor-version":[{"id":1555,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1553\/revisions\/1555"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=1553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=1553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=1553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}