BlockFills, a crypto lending platform for big buyers, stopped buyer deposits and withdrawals in the course of the drop in Bitcoin
$65,917.92
and the remainder of the crypto market.
The corporate said in a publish on X on February 11 that the halt was to guard its shoppers and to rebuild liquidity on the platform. It defined that the choice got here “in gentle of latest market and monetary circumstances”.
BlockFills additionally said, “Administration has been working hand in hand with buyers and shoppers to convey this challenge to a swift decision and to revive liquidity to the platform”.
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Buying and selling has not been absolutely restricted. The agency famous that clients can nonetheless open and shut positions in spot and derivatives markets, “and choose different circumstances”.
This is applicable solely to fundamental buying and selling exercise, to not transferring funds in or out of the platform.
The pause impacts about 2,000 institutional clients, together with hedge funds and asset managers. These shoppers generated greater than $60 billion in buying and selling quantity on BlockFills in 2025.
The platform serves solely buyers with crypto portfolios of at the least $10 million.
BlockFills launched in 2017, led by CEO Nick Hammer and President Gordon Wallace. The corporate is backed by Susquehanna Personal Fairness Investments and CME Group.
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