BlockFills Suspends Deposits and Withdrawals: Is Liquidity at Risk?
The Chicago-based institutional platform halts asset movement for hedge funds and miners, sparking liquidity concerns across the digital asset credit and lending markets. Key...
The Chicago-based institutional platform halts asset movement for hedge funds and miners, sparking liquidity concerns across the digital asset credit and lending markets.
Key Highlights
- BlockFills has frozen all incoming and outgoing transactions to protect its balance sheet from aggressive market swings.
- Institutional clients, including crypto miners and hedge funds, face restricted trading capabilities and potential forced liquidations.
- Any funds deposited during the suspension period will be refused and returned to the respective holders.
BlockFills, a Chicago-based crypto trading and lending platform backed by investment firm Susquehanna, announced the suspension of all customer deposits and withdrawals as of today, citing market volatility issues. The firm informed users of the freeze through an internal email sent last week.
As per a report, BlockFills stated this move is intended to protect both clients and the firm during a time of major digital asset price fluctuations. No timeline has been given for when the normal deposit and withdrawal services will resume.
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Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
Vanshita Kanjani is a crypto journalist, particularly focused on delivering clear insights into regulatory frameworks and industry updates. Her educational background in English literature and prior experience at a local publication house give her a strong foundation for delivering in-depth market analysis and reports.
Shubham Soni is a veteran content editor and journalist with over three years of experience leading digital editorial strategies across the U.S. and Indian markets. With a background in high-pressure newsrooms, Shubham specializes in the rigorous fact-checking, structural editing, and narrative development of complex news and explainers. Throughout his career at prominent digital publications like Sportskeeda and Opoyi, he has managed fast-paced desks covering global politics, sports, and entertainment. His expertise lies in transforming technical information into accessible, high-impact reporting while maintaining strict adherence to editorial ethics and accuracy. At The Crypto Times, Shubham oversees the editorial workflow, mentoring writers to ensure all cryptocurrency research and analysis meets the highest standards of clarity and journalistic integrity.
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