Crypto trading and lending company BlockFills has filed for Chapter 11 bankruptcy protection in the United States after facing serious financial difficulties.
The company’s operating entity, Reliz Ltd., filed a case in the U.S. Bankruptcy Court in Delaware. Court documents show that the company has assets valued between $50 million and $100 million. However, its liabilities may range from $100 million to $500 million.
The bankruptcy follows weeks of financial trouble. Earlier this year, BlockFills stopped customer deposits and withdrawals because of liquidity problems and difficult market conditions.
Soon after this, the company’s CEO and co-founder, Nicholas Hammer, stepped down from his position.
Legal problems also increased when Dominion Capital filed a lawsuit against the company. The lawsuit claims that BlockFills misused customer funds and failed to return millions of dollars in cryptocurrency. A U.S. judge later issued a temporary order freezing some of the company’s assets.
Before its collapse, BlockFills was a major player in institutional crypto trading. In 2025, the company processed more than $61 billion in transactions and served over 2,000 institutional clients in more than 95 countries.
The bankruptcy adds to the list of crypto industry failures, similar to past collapses of Celsius Network and FTX.
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