Chicago-based crypto lending platform BlockFills has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. The filing, dated March 16, reveals that BlockFills' estimated assets range between $50 million and $100 million, while its liabilities are estimated between $100 million and $500 million. BlockFills stated that the decision to file for bankruptcy followed extensive discussions with investors, clients, and creditors. The company aims to undergo an orderly restructuring under court supervision, focusing on stabilizing operations, seeking additional liquidity, and exploring strategic transactions. BlockFills emphasized that protecting client interests remains its top priority during this process.