Keyrock, a digital asset service provider headquartered in Brussels, plans to acquire the bankrupt crypto trading and lending firm Blockfills for $3.25 million, pending judicial approval.
Acquisition Highlights
This move comes after Blockfills, based in Chicago, declared Chapter 11 bankruptcy in March, revealing liabilities between $100 million and $500 million, with assets estimated at $50 million to $100 million. Keyrock, designated as the 'Successful Bidder,' will gain control of Blockfills' assets, certain liabilities, customer records, equity interests, and proprietary technologies once court approval is obtained.
- A court sale hearing is slated for June 16, 2026, crucial for finalizing the deal, which also requires regulatory approvals.
- Blockfills provided services including liquidity and risk management, catering to hedge funds and asset managers, while Keyrock specializes in market making and liquidity solutions.
Blockfills had recently faced substantial financial challenges, with losses reaching around $75 million and a temporary freeze on customer transactions due to market conditions. In 2025, the company recorded a trading volume exceeding $60 billion, marking a significant presence in the crypto sector.
