Blockfills CEO Nicholas Hammer resigns due to a $75 million loss

AIcoin2026/02/25 17:55

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Blockfills co-founder and CEO Nicholas Hammer has resigned. The crypto lending company suspended client deposits and withdrawals this month due to a loss of approximately $75 million. According to sources, some clients were advised to withdraw their assets before the platform froze deposits and withdrawals on February 11. The Chicago-based company, which had a trading volume of over $60 billion in 2025, is currently seeking buyers.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36

Analyst Gu Jingci: The market doesn't stop during the holidays. Slow movements don't mean no progress. With more patience comes greater rewards.

AiCoin•2026/09/26 11:05

RootData: BIO will unlock tokens worth about $1 million in one week

Chaincatcher•2026/09/26 09:03