According to The Financial Times, the crypto financial services company BlockFills (partially supported by Susquehanna Investment Group) suspended client deposits and withdrawals and limited trading last week. The measures are still in effect due to recent sharp fluctuations in the crypto market; this occurred when Bitcoin briefly fell below $65,000 last Monday, with a year-to-date decline of nearly 25% and a drop of about 45% from the October 2022 high. BlockFills stated that the decision was made to respond to the current market and financial environment and to protect clients and company operations.
According to The Financial Times, the crypto financial services company BlockFills (partially supported by Susquehanna Investment Group) suspended client deposits and withdrawals and limited trading last week. The measures are still in effect due to recent sharp fluctuations in the crypto market; this occurred when Bitcoin briefly fell below $65,000 last Monday, with a year-to-date decline of nearly 25% and a drop of about 45% from the October 2022 high. BlockFills stated that the decision was made to respond to the current market and financial environment and to protect clients and company operations.