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.
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