Crypto lender Blockfills CEO resigns amid major loan losses

Nicholas Hammer, co-founder and CEO of crypto lending firm Blockfills, has resigned in the wake of significant loan losses, CoinDesk reported. Citing anonymous sources, the report stated that Blockfills recently halted all customer deposits and withdrawals due to loan losses of approximately $75 million. As a result of the situation, the company is undergoing a management change and is pursuing a sale. Blockfills was considered one of the most active institutional crypto lending platforms, having processed over $60 billion in trading volume last year and serving around 2,000 institutional clients.