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Crypto Lender Blockfills Seeks Sale to Plug $75M Loss: CoinDesk

The Susquehanna-backed crypto lender is reportedly seeking a buyer after suspending withdrawals and deposits last week.

Feb 19, 2026 • 1 min read

Blockfills, a Susquehanna-backed crypto lending and trading platform for institutional clients with over $10M in digital assets, is reportedly seeking a buyer after incurring an approximately $75M loss amid downtrodden market conditions.

What's the Scoop?

Buyer Needed: According to two anonymous sources cited by CoinDesk, Blockfills is incurred losses of around $75M during the recent market downturn. One of the individuals claimed Blockfills is now seeking a buyer. When asked by CoinDesk about the losses, Blockfills declined to comment.
Suspended Withdrawals: On February 11, BlockFills released a public statement confirming that it had decided to "temporarily" suspend clients and withdrawals sometime the week prior. The statement blamed, "recent market and financial conditions," claiming a shutdown will protect clients and the firm.

SCOOP: Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million and is looking for a buyer, sources say. @willcanny99 and @IanAllison123 report.https://t.co/hQ6hD6B0SP
— CoinDesk (@CoinDesk) February 19, 2026

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