Odaily Planet Daily reports that Nicholas Hammer, co-founder and CEO of crypto lending firm Blockfills, has resigned from his leadership position. According to company information, Joseph Perry is currently serving as interim CEO.
This management change comes amid operational pressures faced by the company. Blockfills previously reported a loss of approximately $75 million due to worsening market conditions and suspended customer deposits and withdrawals on February 11. These services have not yet been restored.
Sources say the company advised some clients to withdraw assets in advance before officially freezing deposits and withdrawals. Blockfills stated that customers can still open and close spot and derivatives trades under certain conditions, and the company is working with investors and clients to restore platform liquidity.
Headquartered in Chicago, Blockfills had a trading volume of over $60 billion in 2025. Due to the market downturn, the company is reportedly seeking potential buyers.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Société Générale-FORGE Expands EURCV Stablecoin to Stellar Network Under MiCA Rules
Société Générale-FORGE has expanded its euro-backed stablecoin, EUR CoinVertible, to the Stellar blockchain, enhancing its multichain strategy and enabling broader access to compliant digital currencies. This growth aims to link traditional finance with blockchain technology and supports the EU's MiCA regulation.
CryptometerIo20m ago
DoubleZero launches the real-time market data delivery platform DoubleZero Edge
DoubleZero launched the real-time market data delivery platform DoubleZero Edge on March 11, providing traders with high-speed data transmission services. The platform uses multicast technology to ensure a fair competitive environment. Starting from Epoch 939, validators are exempt from the 5% block reward fee and can earn additional income by publishing shreds.
GateNews26m ago
Cardano Introduces Programmable Tokens With New CIP-0113 Standard
The Cardano Foundation has released CIP-0113, which allows token issuers to embed enforceable compliance logic directly to native assets on the network.
The goal is to enhance regulated tokenization as institutions have been demanding tokens that can enforce features like KYC and AML
CryptoNewsFlash27m ago
Across Protocol initiates a temperature check proposal to explore transformation into a U.S. C-class company and equity structure
Across Protocol proposes a temperature check initiative, planning to transform the existing DAO and token structure into a C Corporation in the United States. ACX token holders can exchange their equity proportionally or redeem for USDC, and holders can choose different participation methods based on their scale.
GateNews36m ago
Osmosis proposes to migrate governance to Cosmos Hub, and OSMO will be converted to ATOM within 6 months.
Osmosis plans to migrate its DEX to Cosmos Hub. If approved, native liquidity, governance, and security will be unified. Circulating OSMO will be converted to ATOM at a specific ratio within 6 months, without affecting existing staking emissions. Unclaimed ATOM will be returned to the community pool.
GateNews41m ago
Pi Network Migration Moves 85K Pi Before Pausing Again
The migration process on Pi Network briefly restarted on March 10 before stopping again. During this short window, the network transferred about 85,000 Pi coins to user wallets. The migration resumed around 3 PM Beijing time, according to community updates. But the process paused again after the tra
Coinfomania1h ago
