Cryptocurrency Lending Firm BlockFills Seeks Restructuring After Halting Withdrawals

Bankruptcy Concerns Loom. According to a report by the Financial Times on the 6th, cryptocurrency trading and lending company BlockFills is seeking restructuring advice from consulting firm BRG. The company has appointed Mark Lenz from BRG as the Chief Transformation Officer (CTO), and is advancing the formulation of a restructuring plan centered on new capital injections and enhanced governance and financial management. In early February, BlockFills temporarily suspended customer deposits and withdrawals citing 'market and financial conditions'. By 2025, the firm plans to...