Odaily Planet Daily reports that Nicholas Hammer, co-founder and CEO of crypto lending firm Blockfills, has resigned from his leadership position. According to company information, Joseph Perry is currently serving as interim CEO.
This management change comes amid operational pressures faced by the company. Blockfills previously reported a loss of approximately $75 million due to worsening market conditions and suspended customer deposits and withdrawals on February 11. These services have not yet been restored.
Sources say the company advised some clients to withdraw assets in advance before officially freezing deposits and withdrawals. Blockfills stated that customers can still open and close spot and derivatives trades under certain conditions, and 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. Due to the market downturn, the company is reportedly seeking potential buyers.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
GMX Launches WTI Crude, Brent Oil, and Natural Gas Perpetual Contracts on Arbitrum
Gate News message, April 24 — Decentralized trading platform GMX has launched three energy commodity perpetual contracts on Arbitrum: WTI Crude Oil (WTIOIL/USD), Brent Oil (BRENTOIL/USD), and Natural Gas (NATGAS/USD).
All three contracts are available for 24/7 trading. WTI and Brent are global
GateNews12m ago
Lighter Launches Multi-Asset Margin With ETH Collateral
Decentralized perpetuals exchange Lighter has launched Multi-Asset Margin today, enabling traders to post non-USDC assets as collateral for perpetual trading, according to Lighter's documentation. ETH is the first supported collateral asset. Users deposit a supported asset into their margin
CryptoFrontier27m ago
Sonic Redesigns Consensus Architecture to Prepare for Post-Quantum Security Era
Gate News message, April 24 — Sonic, a proof-of-stake blockchain protocol, is restructuring its architecture to address potential security risks posed by quantum computing advances, according to a report shared on April 20. The project's redesigned system aims to enable smoother adaptation to post-q
GateNews28m ago
Fluent Launches Ethereum Layer 2 Mainnet and BLEND Token with $50M Day-One Liquidity
Gate News message, April 24 — Fluent, an Ethereum-based Layer 2 network, activated its mainnet and native BLEND token on Friday, launching with $50 million in committed day-one liquidity. The network features a "blended execution" environment that enables applications written for different virtual m
GateNews1h ago
COTI Partners with Sayfer to Strengthen Privacy Protocol Security
Gate News message, April 24 — COTI has announced a partnership with Sayfer, a blockchain security firm founded in 2019, to reinforce the security framework supporting its privacy-focused ecosystem. Sayfer will serve as a long-term security advisor to COTI, supporting the project as it prepares to
GateNews4h ago
CoW Swap Launches Solver Infrastructure Upgrades to Strengthen Bidding Mechanism
Gate News message, April 24 — CoW Swap has deployed two solver infrastructure upgrades to enhance bidding mechanisms and optimize execution processes, according to CoW DAO.
The first upgrade, "hidden bids until deadline," prevents solvers from seeing each other's quotes during auctions, requiring b
GateNews4h ago
