Cryptocurrency lending platform BlockFills seeks restructuring after halting withdrawals and facing lawsuits.

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On March 7, the Financial Times, citing anonymous sources, reported that cryptocurrency trading and lending company BlockFills had "seeked restructuring advice from advisory firm BRG." Following the suspension of withdrawals, BlockFills appointed BRG's Mark Renzi as "Chief Transformation Officer." BlockFills' new management team aims to "complete the restructuring, inject new capital, and implement new governance and financial controls."

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