BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing deteriorating crypto market conditions.
Crypto lending platform BlockFills has filed for bankruptcy in the US after halted customer deposits and withdrawals last month.
Reliz LTD, BlockFills’ operating company, along with three other related companies, filed for Chapter 11 bankruptcy in a Delaware bankruptcy court on Sunday in a bid to restructure the firm.
In the filing, BlockFills estimated it had assets between $50 million and $100 million and estimated liabilities between $100 million and $500 million.
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