Crypto Lender Blockfills Seeks Sale to Plug $75M Loss: CoinDesk
The Susquehanna-backed crypto lender is reportedly seeking a buyer after suspending withdrawals and deposits last week.
Blockfills, a Susquehanna-backed crypto lending and trading platform for institutional clients with over $10M in digital assets, is reportedly seeking a buyer after incurring an approximately $75M loss amid downtrodden market conditions.
What's the Scoop?
- Buyer Needed: According to two anonymous sources cited by CoinDesk, Blockfills is incurred losses of around $75M during the recent market downturn. One of the individuals claimed Blockfills is now seeking a buyer. When asked by CoinDesk about the losses, Blockfills declined to comment.
- Suspended Withdrawals: On February 11, BlockFills released a public statement confirming that it had decided to "temporarily" suspend clients and withdrawals sometime the week prior. The statement blamed, "recent market and financial conditions," claiming a shutdown will protect clients and the firm.
SCOOP: Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million and is looking for a buyer, sources say. @willcanny99 and @IanAllison123 report.https://t.co/hQ6hD6B0SP
— CoinDesk (@CoinDesk) February 19, 2026
Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
