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April 1, 2026
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Bitcoin Desk

Blockfills seeks buyer after $75 million lending loss

Harvard endowment reduces stake in Bitcoin ETF, adds Ether exposure

Blockfills, a crypto lender backed by trading giant Susquehanna, is reportedly seeking a buyer after sustaining around $75 million in losses from its lending activities. This decision follows a suspension of deposits and withdrawals due to renewed weakness in crypto markets, with Bitcoin prices falling below $70,000 and Ether below $2,000. The firm’s trading operations have previously been significant, with over $60 billion in trading volume recorded in 2025. However, the recent downturn and borrower defaults have led to increasing challenges for crypto lenders, prompting a reevaluation of their business strategies.

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