The crypto lending platform BlockFills has suspended user deposit and withdrawal services.

GateUser-6433627c · 2026-02-11T15:08:14+00:00

Amid increasing volatility in the crypto market, BlockFills has suspended user deposits and withdrawals, affecting liquidity. The company is headquartered in Chicago and serves approximately 2,000 clients. Bitcoin prices have plummeted, and progress in crypto legislation has been slow, further dampening market sentiment.

GateUser-6433627c

2026-02-11 15:08:14

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On February 11, amid intense volatility in the crypto market, crypto lending platform BlockFills, supported by Susquehanna, suspended user deposits and withdrawals. The company, headquartered in Chicago, serves approximately 2,000 institutional clients, with a trading volume reaching $60 billion in 2025. The platform remains open for some transactions, but liquidity is limited. This move recalls previous lows in the crypto market, including the collapses of FTX and several lending institutions in 2022. Recently, Bitcoin fell below $65,000, down about 45% from its October high, intensifying market pressure; at the same time, progress on US crypto legislation has stalled, continuing to weigh on market sentiment.

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