Crypto trading and lending firm BlockFills has “sought restructuring advice from consulting firm BRG,” according to the Financial Times, which cited anonymous sources.
The move follows the lender last month temporarily suspending client deposits and withdrawals. At the time, BlockFills cited “recent market and financial conditions” amid a major decline across the digital asset market.
Then, this week, a federal judge imposed a temporary restraining order on BlockFills amid one of its clients, Dominion Capital, accusing the company of improperly managing customer funds, the Financial Times reported.
While BlockFills declined to comment on litigation, the firm told the Financial Times it has been “actively pursuing multiple avenues to put the company in the strongest position.”
After halting withdrawals, BlockFills appointed BRG’s Mark Renzi to “chief transformation officer.” BlockFills new management wants to “complete a restructuring that would inject new capital and impose new governance and financial controls,” Financial Times said.
Chicago-based BlockFills’ investors include Susquehanna Private Equity Investments and CME Group. The firm’s services have included liquidity provisioning, trading execution, and lending to institutional and high-net-worth crypto participants, including hedge funds, miners, and asset managers.
BlockFills has said it handled more than $60 billion in trading volume in 2025 and serves over 2,000 institutional clients across more than 95 countries.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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