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Cryptocurrency lending platform BlockFills suspends customer withdrawals, evoking the tragic memories of "FTX collapse" in the crypto community
Institutional-level cryptocurrency lending platform BlockFills has suspended customer deposits and withdrawals due to recent market volatility, raising concerns about a repeat of the 2022 lending industry collapse. The company serves approximately 2,000 institutional clients, with an annual trading volume that once reached $60 billion. At the time of this crisis, the price of Bitcoin has fallen about 45% from last year's peak, and the sell-off triggered by tariff threats from the Trump administration, along with the stagnation of U.S. legislation, has exacerbated liquidity pressures in the industry
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