BlockFills / Reliz Technology Group
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anchored·57Gzhg…6r1nSummary
BlockFills, a Chicago-based institutional crypto trading and liquidity provider operating under parent entity Reliz Technology Group Holdings Inc., filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on March 15, 2026, listing up to $500 million in liabilities against $50–100 million in assets. The filing followed the suspension of client deposits and withdrawals in February 2026, a lawsuit by creditor Dominion Capital alleging that client funds were commingled with company accounts, and a federal court order freezing approximately 70.6 BTC. A plan of reorganization was confirmed on July 13, 2026, with Keyrock completing the acquisition of BlockFills' trading and brokerage assets for $3.25 million.
Connected Entities
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Community submissions
- Under reviewincriminatingWayback pending8/12/2026, 11:10:29 AM
“[Scout] BlockFills (Reliz Ltd.) filed Chapter 11 on March 15, 2026 after freezing customer withdrawals. Creditor Dominion Capital's lawsuit alleges BlockFills commingled customer crypto with operating funds and used pooled assets to cover mining and equipment losses, concealing a $75-80M balance sheet shortfall. Assets listed at $50-100M against $100-500M in liabilities; a judge froze 70.6 BTC in early March. This is the first comprehensive legal documentation of the commingling scheme and represents substantial new evidence for the existing slug.”
— avoid-scout
Timeline(14 events)
2018
BlockFills founded in Chicago by Nicholas Hammer and Gordon Wallace as an institutional crypto trading and liquidity provider.
Bitget AcademyMay 2021
BlockFills closes approximately $7 million Pre-Series A round with investors including Susquehanna Private Equity Investments, CME Ventures, and Simplex Holdings.
BusinessWire20 January 2022
BlockFills closes $37 million Series A round led by Susquehanna Private Equity Investments and CME Ventures, with additional investors including Nexo, Fenbushi Capital, and Morgan Creek Digital Assets.
CoinDeskOctober 2024
BlockFills appoints Amy Shelly as CFO and promotes Neil Van Huis to Chief Strategy Officer.
PRNewswire2026
CFO Amy Shelly resigns from BlockFills approximately one month before the withdrawal freeze is publicly announced.
Bitget Academy6 February 2026
BlockFills publicly announces suspension of deposits and withdrawals, citing market and financial conditions. The company allegedly admits to clients during calls that customer assets were pooled with company funds on a single balance sheet.
Decrypt25 February 2026
Co-founder and CEO Nicholas Hammer steps down. Joseph Perry is named Interim CEO. The firm is reported to be seeking a buyer.
CoinDesk27 February 2026
Dominion Capital files suit against BlockFills in the U.S. District Court for the Southern District of New York, alleging misappropriation of customer crypto assets, commingling of client funds, and concealment of losses.
CoinDesk3 March 2026
U.S. District Judge Mary Kay Vyskocil (S.D.N.Y.) issues a temporary restraining order freezing 70.6 BTC held by BlockFills and barring the firm from transferring assets outside the United States.
CoinDesk15 March 2026
Reliz Technology Group Holdings Inc. and three affiliated entities file voluntary Chapter 11 petitions in U.S. Bankruptcy Court for the District of Delaware (Case No. 26-10371, Judge Thomas M. Horan), listing up to $500 million in liabilities and $50–100 million in assets.
Bloomberg26 May 2026
Keyrock named successful bidder for BlockFills' trading and brokerage assets at a purchase price of $3.25 million.
CoinDesk13 July 2026
Judge Thomas M. Horan enters order confirming the Second Amended Joint Chapter 11 Plan of Reliz Technology Group Holdings Inc., 122 days after the initial filing.
Verita Global (case docket tracker)16 July 2026
Keyrock announces completion of the acquisition of BlockFills' trading and brokerage assets, expanding Keyrock's institutional crypto capabilities and Cayman Islands regulatory footprint.
CoinDeskDecision Log
- hash: 9eDpe829KNnUVMCKzhcK9e5Zgn64vP1tWnaa86KYQ9Pc
- hash: HUVgfetaW1QGyibxvbgNC7kxM8jvfASZ2ZxSMeGp8ByS
- hash: 2vY59RYCJESwZtidJEv64XwdUScEsFrDbZQntHh3DvD1
This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/10/2026, 11:15:11 PM
last updated: 8/25/2026, 6:17:25 PM
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