TechFlow reports that on February 26, according to CoinDesk, Nicholas Hammer, co-founder and CEO of cryptocurrency lending firm Blockfills, has stepped down from his leadership role. The company’s website now lists Joseph Perry as interim CEO. Previously, on February 11, Blockfills suspended customer deposits and withdrawals; sources familiar with the matter indicated the firm incurred losses of approximately $75 million.
The report notes that, prior to freezing assets on its platform, Blockfills urged certain customers to withdraw their crypto assets. The Chicago-based firm is currently seeking a buyer and serves roughly 2,000 institutional clients, including hedge funds, asset management firms, and mining companies. In 2025, Blockfills processed over $60 billion in trading volume, representing a 28% year-on-year increase.
Blockfills’ investors include Susquehanna Private Equity Investments, CME Ventures, Simplex Ventures, C6E, and Nexo. The company raised $37 million in Series A funding in January 2022.
