BlockFills bankruptcy: $500M liabilities, deposits frozen
Reliz Technology Group, parent of crypto firm BlockFills, filed Chapter 11 bankruptcy in Delaware on 15 March 2026. The filing listed assets of $50M–$100M against liabilities of $100M–$500M.
BlockFills parent files Chapter 11 in Delaware
Reliz Technology Group, the parent company of crypto trading firm BlockFills, filed for Chapter 11 bankruptcy protection on 15 March 2026. Chapter 11 is a US legal process that lets a company restructure its debts while continuing to operate. The filing was made in the US Bankruptcy Court for the District of Delaware. Three Reliz affiliates filed alongside the parent entity.
Liabilities exceed assets by up to $450M
Court documents list BlockFills' assets at between $50 million and $100 million. Liabilities range from $100 million to $500 million. The gap between assets and liabilities means creditors face significant losses. The figures come directly from the voluntary bankruptcy petition filed with the court on 15 March 2026.
"Chapter 11 proceedings are the most responsible path forward", 15 March 2026. — BlockFills Spokesperson, Company Representative, BlockFills
Client withdrawals suspended in February 2026
BlockFills suspended client deposits and withdrawals in February 2026 after a liquidity crunch. Liquidity refers to a firm's ability to meet financial obligations as they fall due. The company entered negotiations with stakeholders but did not resolve the shortfall. Financial data aggregator Ainvest reported a balance sheet deficit of approximately $77 million, identified at the end of 2025; this figure has not been independently confirmed against court filings. Creditor Dominion Capital filed a lawsuit in early March 2026 alleging misappropriation of customer assets.
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