What kind of platform is BlockFills, which has suspended customer deposits and withdrawals? BlockFills recently suspended customer deposits and withdrawals. The company emphasizes that this is a temporary measure, and management is working with investors and customers to restore platform liquidity as soon as possible, but has not given a specific timetable for resumption. Every time the cryptocurrency market crashes, such alarming stories emerge. A quick search reveals that BlockFills, founded in 2018, is a Chicago-based fintech company specializing in institutional-grade cryptocurrency trading and technology solutions. The company transitioned from traditional finance to the crypto space, becoming an institutional-grade cryptocurrency liquidity provider, trading, and lending platform. BlockFills primarily serves institutional clients (such as hedge funds, mining companies, and asset management firms), with approximately 2,000 institutional clients and a projected trading volume of $60 billion by 2025. It has received investments from Susquehanna Private Equity Investments and CME Ventures. The attached information includes BlockFills' core team and investor information, showing extensive experience in traditional finance, and the investment institutions are all from traditional financial institutions. However, the platform's compliance record is questionable. The worst-case scenario, if BlockFills cannot restore liquidity, is that it may formally file for bankruptcy protection, resulting in partial or total loss of client assets (mainly institutional holdings of cryptocurrencies, derivatives positions, and loans). Since its clients are primarily institutional or large investors, this could trigger a chain reaction. It remains to be seen whether its backers, such as Susquehanna Private Equity Investments and CME Ventures, will step in to help.