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Crypto firm BlockFills filed for bankruptcy in March 2026 due to a $77 million loss from risky investments and a Bitcoin value drop.
Crypto firm BlockFills filed for Chapter 11 bankruptcy on March 15, 2026, in Delaware, following a month-long suspension of client deposits and withdrawals.
The Chicago-based company, operated by Reliz Ltd. and affiliates, cited deteriorating market conditions, including a sharp drop in Bitcoin’s value, and a $77 million shortfall tied to risky investments.
With assets between $50 million and $100 million and liabilities from $100 million to $500 million, BlockFills aims to restructure under court supervision, preserve stakeholder value, and secure new liquidity.
A federal judge froze 70.6 Bitcoin amid allegations of commingling client funds, and the firm faces a lawsuit over alleged misappropriation.
The filing marks another high-profile collapse in the crypto lending sector during the ongoing market downturn.
La firma de criptomonedas BlockFills se declaró en bancarrota en marzo de 2026 debido a una pérdida de $ 77 millones por inversiones riesgosas y una caída en el valor de Bitcoin.