U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

A U.S. federal judge in the Southern District of New York issued a temporary restraining order (TRO) against crypto lender BlockFills, freezing assets related to a dispute with creditor Dominion Capital. Dominion Capital alleged in a February 27 complaint that BlockFills misappropriated customer crypto assets, commingled funds, and concealed heavy losses, refusing to return assets after suspending withdrawals in February. The TRO, granted without prior notice due to risk of "immediate and irreparable injury" and insolvency concerns, bars BlockFills from transferring 70.6 bitcoin allegedly belonging to Dominion or moving assets abroad until a hearing on a preliminary injunction. BlockFills, which is backed by Susquehanna, had previously suspended client withdrawals on February 11 after incurring approximately $75 million in losses during a market downturn, leading to the stepping down of its CEO, Nicholas Hammer. BlockFills must respond to the order by March 17.

(Source：CoinDesk)