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
Aave Surpasses $1 Trillion in Cumulative Lending, Governance Dispute Erupts Over $51 Million Labs Funding
Aave, the leading decentralized finance (DeFi) lending protocol, has surpassed $1 trillion in cumulative lending volume since its inception, solidifying its position as the backbone of onchain credit markets with $27.2 billion in total value locked and $83.3 million in fees generated over the past 30 days.
CryptopulseElite5m ago
ETHZilla Drops Ethereum Treasury Label in Rebrand After Share Price Collapse
In brief
ETHZilla will rebrand as Forum Markets and trade as FRMM on Nasdaq at the start of March
The move follows a week after investors exited as it turned away from an Ethereum balance sheet model.
Observers say single-asset treasury strategies depend on sustained equity premiums and s
Decrypt10m ago
The Ethereum Foundation Strawmap plans seven forks, with upgrades every six months.
The Ethereum Foundation's Strawmap roadmap released in 2026 plans to conduct seven protocol upgrades every six months before 2029, focusing on five core objectives: L1 scalability, post-quantum security, and privacy protection. This plan aims to enhance mainnet performance, improve user experience, and increase security.
MarketWhisper15m ago
Circle CEO: The Arc token is still in the exploration stage, and the mainnet is expected to launch in 2026.
Circle CEO Jeremy Allaire stated during the earnings call that the exploration of the Arc token is still ongoing. The specific launch date has not yet been determined, but it is expected to go live on the mainnet in 2026, and there is anticipation for multiple companies to participate in infrastructure operation and application development.
GateNewsBot21m ago
Minara Skill v2 Released: Building a One-Stop Web4.0 Digital Finance "Soul" for AI Agents
Minara has released Minara Skill v2, upgrading the AI Agent's digital finance capabilities, supporting multi-chain asset management, credit card deposits, and other features, as well as enabling Gasless transactions to lower the barrier to entry. At the same time, it integrates a local LLM to enhance private conversations and trading decision-making capabilities.
GateNewsBot36m ago
Tokenized U.S. Treasury bonds increase 50 times in two years, with a market cap surpassing $10.8 billion, reaching a new high
The market value of tokenized U.S. Treasury bonds is projected to reach $10.8 billion by 2026, a 50-fold increase over two years, primarily driven by the launch of BlackRock's BUIDL fund. DTCC also plans to introduce tokenization services, indicating that traditional financial institutions are beginning to enter the space and boosting market confidence. Tokenized U.S. Treasuries offer 24-hour liquidity and provide greater flexibility and efficiency compared to traditional bonds.
MarketWhisper42m ago
