Cryptocurrency lending institution BlockFills has temporarily suspended user deposits and withdrawals

BlockBeats News, February 11th, amid a sharp cryptocurrency market volatility, BlockFills, a crypto lending institution backed by Susquehanna, has suspended user deposit and withdrawal services. The company, headquartered in Chicago, serves approximately 2,000 institutional clients, with a 2025 trading volume reaching $60 billion. Currently, the platform remains partially open for trading, but liquidity is constrained.

This move is reminiscent of previous downturns in the cryptocurrency market, including the collapse of FTX and several lending institutions in 2022. Recently, Bitcoin dropped below $65,000, a roughly 45% decline from its October peak, intensifying market pressure; at the same time, U.S. crypto legislative progress has stalled, further weighing on market sentiment.