BlockBeats News, February 26th, Nicholas Hammer, co-founder and CEO of the crypto lending institution Blockfills, has resigned from his leadership position. According to company information, Joseph Perry is currently serving as the interim CEO.
This management change comes as the company faces operational pressure. Blockfills previously recorded a loss of approximately $75 million due to a deteriorating market environment and suspended customer deposit and withdrawal services on February 11th. The related services have not yet been restored.
Sources said that the company had advised some customers to withdraw their assets before formally freezing deposits and withdrawals. Blockfills stated that customers can still perform spot and derivatives trading opening and closing operations under specific circumstances, while 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. Affected by the market downturn, the company is reportedly seeking potential acquirers.
