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Fortune

Carlos Garcia

Crypto lender BlockFills suspends withdrawals for clients in latest blow to the blockchain sector

BlockFi Crypto Bitcoin Donald Trump

picture of a bitcoin (Credit: OZAN KOSE—AFP/Getty Images)

BlockFills, a crypto trading platform, will temporarily prohibit customers from depositing and withdrawing funds. It is the latest sign of trouble for the digital assets industry, which has been beset by plunging prices and unease over its future. Chicago-based BlockFills announced the decision in a statement on Wednesday, saying that it was doing so to further the protection of clients and the firm.

A spokesperson for BlockFills declined to provide any further comment on the matter, in a note to Fortune.

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