BlockFills, a digital asset trading and lending platform backed by the major quantitative trading firm Susquehanna International Group (SIG), has reportedly suspended client withdrawals. The move comes as the cryptocurrency market faces a severe downturn, with Bitcoin and other major digital assets experiencing significant price drops. The suspension is attributed to liquidity challenges resulting from the sudden market volatility and a surge in redemption requests. As a prominent liquidity provider and electronic trading firm for institutional clients, BlockFills’ decision reflects the broader stress currently impacting the crypto-lending sector. The company has informed stakeholders that it is actively working to stabilize its operations and intends to resume withdrawal services as soon as market conditions allow. This development adds BlockFills to a growing list of crypto-native financial institutions forced to halt operations during periods of extreme market turbulence.
Source: Susquehanna-Backed Crypto Lender BlockFills Suspends Withdrawals as Bitcoin Sinks
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