Crypto lender BlockFills suspends withdrawals amid faltering bitcoin price
Crypto liquidity provider and lender BlockFills has halted client deposits and withdrawals amid a downturn in bitcoin prices, in a sign of knock-on impact from the latest crypto market drop.
BlockFills, which is based in Chicago, said in a statement on Wednesday that it halted withdrawals last week and has been working to restore liquidity to its platform. The company is in active dialogue with its clients, which include crypto hedge funds and asset managers, a spokesperson said.
The Financial Times first reported that the company had suspended withdrawals.
BlockFills raised $6 million in 2021 and a further $37 million in 2022, from investors including CME Ventures and Susquehanna Capital, according to PitchBook data. CME Ventures and Susquehanna Capital did not immediately respond to a request for comment.
The company has more than 2,000 institutional clients and facilitated more than $61.1 billion in trading volume in 2025, according to its website
