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Crypto lender BlockFills explores restructuring after halting withdrawals and lawsuit: FT
Crypto trading and lending firm BlockFills has "sought restructuring advice from consulting firm BRG," according to the Financial Times, which cited anonymous sources. The move follows the lender last month temporarily suspending client deposits and withdrawals. At the time, BlockFills cited "recent market and financial conditions" amid a major decline across the digital asset market. Then, this week, a federal judge imposed a temporary restraining order on BlockFills amid one of its clients, Dominion Capital, accusing the company of improperly managing customer funds, the Financial Times reported. While ... (full story)
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