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Blockfills Founder and CEO Resigns, Company Halts Withdrawals and Seeks Sale

Odaily News: Nicholas Hammer, co-founder and CEO of the crypto lending firm Blockfills, has stepped down from his leadership role. According to company information, Joseph Perry is currently serving as the interim CEO.

This management change comes as the company faces operational pressures. Blockfills previously reported losses of approximately $75 million due to deteriorating market conditions and suspended customer deposits and withdrawal services on February 11th. These services have not yet been restored.

Sources indicate that the company advised some clients to withdraw their assets in advance before officially freezing deposits and withdrawals. Blockfills stated that clients can still open and close positions for spot and derivatives trading under specific circumstances, and the company is working with investors and clients to restore platform liquidity.

Headquartered in Chicago, Blockfills processed over $60 billion in trading volume in 2025. Affected by the market downturn, the company is reportedly seeking potential acquirers.

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