BlockFills halts deposits and withdrawals, restricts trading amid heightened market volatility

JH Kim

Summary

Digital asset manager BlockFills said it has suspended deposit and withdrawal services due to heightened volatility in the cryptoasset market.
BlockFills said it has temporarily halted customers’ deposits and withdrawals since last week and restricted the scope of trading on its platform.
BlockFills said it temporarily suspended deposits and withdrawals to protect clients and the company, taking into account market volatility and the financial environment, but did not provide a timeline for resuming services.

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Digital asset manager BlockFills has suspended deposit and withdrawal services and imposed trading restrictions, citing increased volatility in the cryptoasset (cryptocurrency) market.

According to CoinDesk, a crypto-focused media outlet, BlockFills has temporarily halted customer deposits and withdrawals since last week and has also limited the scope of trading on its platform.

BlockFills said it had "temporarily suspended deposits and withdrawals to protect clients and the company after taking into account market volatility and the overall financial environment." It did not disclose a specific timeline for resuming services.