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Crypto Liquidity Firm BlockFills Files for Bankruptcy
Institutional crypto trading and lending firm BlockFills (operating entity Reliz Ltd.) has filed for Chapter 11 bankruptcy protection in Delaware, aiming to restructure its business after a severe liquidity crisis.
Key details:
Assets: $50M–$100M
Liabilities: $100M–$500M
Withdrawals suspended: February 2026
The filing follows an asset freeze linked to allegations from Dominion Capital over potential misappropriation of crypto assets.
Despite the collapse, BlockFills was a major institutional liquidity provider, reporting over $61B in crypto trading volume in 2025 and backed by investors including Susquehanna International Group and CME Group’s venture arm.