Crypto Lender BlockFills Files for Chapter 11 Bankruptcy in Delaware

Crypto lending platform BlockFills filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Delaware through its operating entity Reliz Ltd., following weeks of crisis and a temporary suspension of client withdrawals. Court documents show the firm disclosed assets between $50M and $100M against estimated liabilities of $100M to $500M. Three affiliated entities also entered bankruptcy proceedings, with BlockFills describing restructuring as the "most responsible path forward" to help stabilize operations.