Chicago-based crypto lender and trading platform BlockFills is facing a financial crisis after disclosing around $75 million in losses stemming from lending, crypto mining, and trading activities, compounded by past accounting lapses. The shortfall has left institutional clients unable to access their funds, as the firm halted withdrawals last month amid mounting liquidity pressures. $75 Million Missing: BlockFills Freezes Crypto Funds Amid Restructuring Drama BlockFills, backed by trading firm Susquehanna and CME Ventures, has turned to restructuring advisors in an effort to stabilize operations. According to the Financial Times, Consulting firm BRG and law firm Katten Muchin Rosenman have been engaged to oversee a restructuring plan
source: https://beincrypto.com/crypto-lender-blockfills-75-million-black-hole/