Overview
- Reliz Ltd., BlockFills’ operator, and three affiliates sought Chapter 11 protection on Mar. 15 in the U.S. Bankruptcy Court for the District of Delaware.
- Court papers list assets of $50 million to $100 million against $100 million to $500 million in liabilities, with the 30 largest unsecured claims topping $119 million and many marked as unliquidated customer claims.
- A New York federal judge issued a temporary restraining order freezing about 70.6 BTC in the Dominion Capital dispute and directed an accounting and segregation of customer funds.
- Dominion alleges BlockFills commingled and misappropriated client assets and points to a roughly $77 million shortfall, after the firm suspended deposits and withdrawals on Feb. 11.
- Co‑founder Nicholas Hammer stepped down as CEO and Joseph Perry is interim chief as the automatic stay pauses creditor actions and the company pursues restructuring and liquidity options.