Crypto lender halted withdrawals during Bitcoin's fall last week

Despite the deposit and withdrawal halt, BlockFills customers can still place trades on the platform to open and close positions.

Institution-focused crypto lending platform BlockFills announced it halted customer deposits and withdrawals last week as Bitcoin and the broader crypto market continued to tumble. 

The suspension, which remains in effect, was intended to protect clients and restore liquidity on the platform, BlockFills said in an X post on Wednesday.

Last week’s market tumble saw Bitcoin fall another 24% from $78,995 to $60,000.

Read more