Svmuu News: Nicholas Hammer, co-founder and CEO of crypto lending firm Blockfills, has stepped down from his leadership role at the company. According to company information, Joseph Perry is currently serving as interim CEO. This management change comes as the company faces operational pressures. Blockfills previously reported a loss of approximately $75 million due to deteriorating market conditions and suspended customer deposits and withdrawals on February 11. These services have not yet resumed. Sources indicate that the company advised some clients to withdraw their assets in advance before officially freezing deposits and withdrawals. Blockfills stated that clients can still open and close positions in spot and derivatives trading under specific circumstances, while the company is working with investors and clients to restore platform liquidity. Chicago-based Blockfills recorded over $60 billion in trading volume in 2025. Affected by the market downturn, the company is reportedly seeking potential acquirers.