Crypto Trading Firm BlockFills Files for Bankruptcy Following Liquidity Crunch

The Illinois-based company had suspended deposit and withdrawal activity for customers last month.

Representations of cryptocurrency bitcoin are seen in this illustration created in Paris on March 9, 2024. Benoit Tessier/Illustration/Reuters

Illinois-based crypto trading company BlockFills has filed for bankruptcy after facing liquidity challenges following the crypto market crash in early February, the company said in a March 15 statement.

“On March 15, 2026, certain BlockFills-related entities filed a voluntary petition to restructure under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware,” the company said.