BlockFills readies restructuring amid fallout from customer asset misappropriation lawsuit
JH Kim
Summary
- Digital asset manager BlockFills was reported to be reviewing an internal restructuring plan.
- Dominion Capital sued BlockFills on allegations of misappropriating customer assets, saying customer funds worth millions of dollars were used to cover losses.
- In connection with the case, a U.S. court was reported to have issued a freeze order for 70 bitcoin (BTC) linked to the lawsuit.
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Digital asset manager BlockFills is reportedly preparing for restructuring.
According to Unfolded on the 6th (local time), BlockFills is said to be reviewing an internal restructuring plan.
Previously, on Feb. 27 (local time), Dominion Capital sued BlockFills on allegations of misappropriating customer assets. Dominion Capital claimed BlockFills used customer funds worth millions of dollars to cover losses.
In connection with the case, a U.S. court reportedly issued a freeze order covering 70 bitcoin (BTC) tied to the lawsuit.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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