BlockFills
Summary
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.
Timeline(16 events)
2018-01-01
BlockFills founded by Nicholas Hammer and Gordon Wallace in Chicago as a digital asset trading and brokerage firm.
Bondoro Case Summary / CoinDesk2022-01-19
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.
CoinDesk2022-01-01
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 Summary2023-03-01
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 Summary2023-03-01
Failures of Silvergate Bank and Signature Bank disrupt BlockFills' payment rails and banking infrastructure.
Bondoro Case Summary2024-01-01
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 Summary2025-07-23
Co-founder and CEO Nicholas Hammer steps down; Joseph Perry appointed Interim CEO.
CoinDesk2026-02-02
BlockFills privately suspends client withdrawals amid liquidity pressure.
Bondoro Case Summary2026-02-06
BlockFills publicly announces suspension of client deposits and withdrawals.
CoinDesk / Bondoro2026-02-19
Reports emerge that Susquehanna-backed BlockFills is seeking a buyer following approximately $75 million in lending losses.
CoinDesk2026-02-27
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 / OffshoreAlert2026-03-03
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.
CoinDesk2026-03-05
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 Summary2026-03-15
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 and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/22/2026, 3:39:07 PM
last updated: 5/22/2026, 3:41:00 PM
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