BlockFills
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3zC9Fj…ZD3qSummary
BlockFills (operated by Reliz Technology Group Holdings, Inc.) was a Chicago-based institutional cryptocurrency trading and lending firm that processed $61.1 billion in volume in 2025 before filing for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on March 15, 2026. The firm suspended client withdrawals and deposits on February 11, 2026, amid approximately $75 million in accumulated lending losses, and subsequently faced two civil lawsuits alleging misappropriation of customer assets and commingling of client funds with company funds. At the time of filing, BlockFills reported assets of $50 million to $100 million against liabilities of $100 million to $500 million, with approximately $145 million in general unsecured obligations.
Connected Entities
4 entities · 18 linked investigations- BlockFills→mentioned with→Babel Finance(80%)
- Babel Finance→mentioned with→Celsius Network(85%)
- BlockFills / Reliz Technology Group→mentioned with→Celsius Network(75%)
- BlockFills / Reliz Technology Group→mentioned with→BlockFills(80%)
- BlockFills→mentioned with→Celsius Network(80%)
- BlockFills→mentioned with→BlockFills / Reliz Technology Group(85%)
Connected Through
4 shared actors · 18 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Celsius Networkorganization
- ⌂Babel Financeprotocol
- ⌂BlockFills / Reliz Technology Groupprotocol
- ⌂BlockFillsprotocol
Community submissions
“[Scout] BlockFills filed for Chapter 11 bankruptcy in March 2026 after suspending withdrawals in February, absorbing $75 million in losses. A federal judge froze assets following a Dominion Capital lawsuit alleging commingled funds, masked losses, and refusal to return 70.6 BTC. This is a confirmed institutional insolvency with active litigation in SDNY.”
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“Court-ordered asset freeze and commingled customer funds confirmed; Chapter 11 filed March 15 2026 with $77M shortfall”
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“CoinDesk June 1, 2026 reporting confirms BlockFills bankruptcy sale to Keyrock at $3.25M — users who held funds at time of withdrawal freeze face near-total loss with a June 16 court hearing determining final asset disposition.”
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- Under reviewincriminating6/4/2026, 3:02:46 AM
“The Block reporting on BlockFills halting withdrawals, facing lawsuit, and exploring Chapter 11 restructuring -- confirming insolvency trajectory”
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- https://www.coindesk.com/business/2026/03/11/crypto-trading-firm-blockfills-has-filed-for-bankruptcy
“Chapter 11 filing March 15 2026 following withdrawal freeze and judicial asset freeze for alleged customer asset misappropriation”
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“Fortune reporting on BlockFills withdrawal freeze February 2026, preceding Chapter 11 bankruptcy March 15 2026 after $75M losses”
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“CrowdFund Insider reports BlockFills withdrawal freeze, US court asset freeze, and restructuring engagement in early 2026 — pre-insolvency indicators for entity already in AVOID.NET”
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Timeline(16 events)
2018
BlockFills founded by Nicholas Hammer and Gordon Wallace in Chicago as a digital asset trading and brokerage firm.
Bondoro Case Summary / CoinDesk19 January 2022
BlockFills closes $37 million Series A round led by Susquehanna Private Equity Investments, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., bringing total funding to approximately $44 million.
CoinDesk2022
BlockFills deploys a substantial portion of Series A proceeds into cryptocurrency mining hardware; the venture subsequently suffers approximately $30 million in losses after a partnered data site fails to operate on schedule.
Bondoro Case SummaryMarch 2023
Babel Finance files for bankruptcy in Singapore; BlockFills records an $8.5 million impairment on loaned assets that it concludes will not be repaid.
Bondoro Case SummaryMarch 2023
Failures of Silvergate Bank and Signature Bank disrupt BlockFills' payment rails and banking infrastructure.
Bondoro Case Summary2024
BlockFills pays approximately $12 million to settle a dispute with Nexo Capital arising from the AEXA Digital Infrastructure equipment loan, materially weakening the firm's balance sheet. BlockFills also pays $12 million in employee bonuses against only $900,000 in adjusted profits.
Bondoro Case Summary23 July 2025
Co-founder and CEO Nicholas Hammer steps down; Joseph Perry appointed Interim CEO.
CoinDesk2 February 2026
BlockFills privately suspends client withdrawals amid liquidity pressure.
Bondoro Case Summary6 February 2026
BlockFills publicly announces suspension of client deposits and withdrawals.
CoinDesk / Bondoro19 February 2026
Reports emerge that Susquehanna-backed BlockFills is seeking a buyer following approximately $75 million in lending losses.
CoinDesk27 February 2026
Dominion Capital LLC files complaint in the U.S. District Court for the Southern District of New York alleging misappropriation and commingling of customer cryptocurrency assets.
CoinDesk / OffshoreAlert3 March 2026
U.S. District Judge Mary Kay Vyskocil (S.D.N.Y.) issues ex parte temporary restraining order freezing 70.56 BTC (~$4.8 million), barring BlockFills from moving assets outside the United States, and ordering an accounting and segregation of customer funds.
CoinDesk5 March 2026
1548199 Alberta Ltd. and Robert J. Bertram file a second civil lawsuit in the Northern District of Illinois (Case No. 1:26-cv-02451) alleging misappropriation; a TRO is also granted in this action.
Bondoro Case Summary15 March 2026
Reliz Technology Group Holdings, Inc. and three affiliated entities file voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware, listing assets of $50M-$100M and liabilities of $100M-$500M.
Bloomberg / Yahoo FinanceDecision Log
- hash: 3UfyiJGxT58HkhBKuGBJVYw1WdozRCJ2rQDVtBZkLMMK
This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/22/2026, 3:39:07 PM
last updated: 9/21/2026, 4:44:55 PM
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