BlockFills (Reliz Technology Group Holdings)
Summary
BlockFills, a Chicago-based institutional crypto trading and lending firm operating under parent entity Reliz Technology Group Holdings, Inc., filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on March 15, 2026, after suspending client withdrawals in February 2026 amid approximately $75 million in losses. Creditor Dominion Capital alleged misappropriation of client funds, commingling of assets, and concealment of losses, leading a federal judge to freeze firm assets before the bankruptcy petition was filed. The firm reported liabilities of $100 million to $500 million against assets of only $50 million to $100 million, affecting approximately 2,000 institutional clients including hedge funds, asset managers, and market makers.
Connected Entities
1 entities · 10 linked investigations- + 2 more
Timeline(12 events)
2017-01-01
BlockFills founded in Chicago by Nicholas Hammer and Gordon Wallace as an institutional digital asset brokerage.
Disruption Banking2022-06-17
Babel Finance suspends withdrawals; BlockFills holds approximately $8.5 million in outstanding loans to the firm, which are never fully recovered.
Blockspace / Bondoro2024-12-01
BlockFills pays approximately $12 million settlement to Nexo, adding to accumulated losses.
Bondoro2025-10-01
Bitcoin reaches approximately $126,000; BlockFills reports $61.1 billion in 2025 transaction volume.
Bondoro / Disruption Banking2026-02-02
Bitcoin falls below $61,000 from its October 2025 peak; approximately $2.56 billion in exchange liquidations stress BlockFills' lending book.
Bondoro2026-02-11
BlockFills halts all client deposits and withdrawals, citing 'recent market and financial conditions.'
Fortune2026-02-12
Co-founder and CEO Nicholas Hammer steps down; Joseph Perry named interim CEO.
BeInCrypto / Yahoo Finance2026-02-27
Dominion Capital files lawsuit in federal court alleging BlockFills misappropriated and unlawfully retained customer crypto assets, commingled client assets, and concealed heavy losses.
CoinDesk2026-03-03
Federal Judge Mary Kay Vyskocil (SDNY) issues ex parte temporary restraining order freezing 70.56 BTC (~$4.8 million) belonging to Dominion Capital, bars asset transfers outside the U.S., and orders accounting and segregation of customer funds.
CoinDesk2026-03-15
Reliz Technology Group Holdings, Inc. and three affiliated entities file voluntary Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Delaware, listing $50-100 million in assets against $100-500 million in liabilities.
CoinDesk / Bloomberg2026-06-01
Belgian market-making firm Keyrock announces a winning bid of $3.25 million to acquire substantially all of BlockFills' assets, pending court and regulatory approval.
CoinDesk2026-06-16
Court hearing scheduled to consider approval of the Keyrock sale of BlockFills assets.
CoinDeskDecision Log
- hash: 7F6ctpA2xJZHLkmiF1yiDyEwGLqiRtspn9G6FdawrdRD
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/21/2026, 5:29:29 PM
last updated: 6/21/2026, 5:29:40 PM
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