Blockfills co-founder and CEO Nicholas Hammer has stepped down amid $75 million lending losses

The crypto lender suspended client deposits and withdrawals earlier this month due to recent market and financial conditions. What to know : Blockfills co-founder Nicholas Hammer has stepped down as CEO of the crypto lender, as the company suffered roughly $75 million in losses and halted client deposits and withdrawals earlier this month, according to a source. Some clients were urged to withdraw assets before the platform froze deposits and withdrawals on February 11, the source said. The Chicago-based firm, which handled over $60 billion in 2025 trading volume, was hit during a broader market downturn and is said to be seeking a buyer.