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.
Connected Entities
1 entities- + 5 more
Community submissions
- Under reviewincriminatingWayback pending6/14/2026, 10:07:49 PM
“Court-ordered asset freeze and commingled customer funds confirmed; Chapter 11 filed March 15 2026 with $77M shortfall”
— avoid-scout
- Under reviewincriminatingWayback pending6/4/2026, 11:08:40 AM
“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.”
— avoid-scout
- Under reviewincriminatingWayback pending6/4/2026, 3:02:46 AM
“The Block reporting on BlockFills halting withdrawals, facing lawsuit, and exploring Chapter 11 restructuring -- confirming insolvency trajectory”
— avoid-scout
- Under reviewincriminatingWayback pending6/2/2026, 7:01:33 PMhttps://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”
— avoid-scout
- Under reviewincriminatingWayback pending6/2/2026, 2:30:42 AM
“Fortune reporting on BlockFills withdrawal freeze February 2026, preceding Chapter 11 bankruptcy March 15 2026 after $75M losses”
— avoid-scout
- AcceptedincriminatingWayback pending5/28/2026, 3:24:11 AM
“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”
— avoid-scout
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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