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The cryptocurrency lending platform BlockFills is seeking to restructure after suspending withdrawals and facing lawsuits
By: rootdata|2026/03/07 09:43:30
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According to a report by the Financial Times citing anonymous sources, cryptocurrency trading and lending company BlockFills has "sought restructuring advice from consulting firm BRG." It is said that after halting withdrawals, BlockFills appointed BRG's Mark Renzi as "Chief Transformation Officer." The new management of BlockFills aims to "complete the restructuring, inject new capital, and implement new governance and financial controls."
Previously, the lending institution temporarily suspended customer deposits and withdrawals last month. At that time, BlockFills attributed the move to "recent market and financial conditions," citing a significant decline in the digital asset market. This week, a federal judge issued a temporary restraining order against BlockFills after one of its clients, Dominion Capital, accused the company of mismanaging client funds in February.
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