BlockFills, a crypto lending platform for large investors, stopped customer deposits and withdrawals during the drop in Bitcoin
The company stated in a post on X on February 11 that the halt was to protect its clients and to rebuild liquidity on the platform. It explained that the decision came “in light of recent market and financial conditions”.
BlockFills also stated, “Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform”.
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Trading has not been fully restricted. The firm noted that customers can still open and close positions in spot and derivatives markets, “and select other circumstances”.
This applies only to basic trading activity, not to moving funds in or out of the platform.
The pause affects about 2,000 institutional customers, including hedge funds and asset managers. These clients generated more than $60 billion in trading volume on BlockFills in 2025.
The platform serves only investors with crypto portfolios of at least $10 million.
BlockFills launched in 2017, led by CEO Nick Hammer and President Gordon Wallace. The company is backed by Susquehanna Private Equity Investments and CME Group.
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