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, France, 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. BlockFills offered spot and derivatives trading in digital assets and provided cryptocurrency borrowing and lending services.