Susquehanna-backed crypto lender BlockFills has temporarily suspended client deposits and withdrawals amid ongoing volatility in digital asset markets. The Chicago-based firm, which handled about $60 billion in trading volumes in 2025, said withdrawals were halted last week and remain in effect. BlockFills serves roughly 2,000 institutional clients as a liquidity provider and lender, with options products available only to investors holding at least $10 million in digital currency.
A BlockFills spokesperson said that the action was taken in light of recent market and financial conditions, and to further the protection of clients and the firm, temporarily suspending client deposits and withdrawals. The company added that clients have been able to continue trading for the purpose of opening and closing positions in spot and derivatives trading and select other circumstances. Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform. The decision to suspend withdrawals coincided with bitcoin last week dropping below $65,000 for the first time since 2024.
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