Crypto Broker BlockFills Files for Bankruptcy After Selloff (1)

BlockFills, a Chicago-based cryptocurrency brokerage and trading platform, has filed for bankruptcy protection after months of market turmoil that’s strained companies across the industry.

The firm’s operating entity, Reliz Ltd., filed voluntary Chapter 11 restructuring on Sunday in the US Bankruptcy Court for the District of Delaware, according to court documents.

BlockFills, which counts Susquehanna Private Equity Investments and CME Ventures among its backers, is one of the first crypto firms to seek court protection since the market crash that started in early October. Cryptocurrencies have lost almost $2 trillion of combined market value since then, forcing some companies to ...