Judge Freezes 70 BTC from BlockFills in Court Dispute Tied to User Funds
A US judge froze 70.6 Bitcoin belonging to BlockFills amid allegations of misappropriated customer assets.Summary
A US judge issued a temporary restraining order (TRO) freezing 70.6 Bitcoin, valued around $5 million, held by crypto firm BlockFills. This action follows a complaint filed by Dominion Capital on February 27, alleging that BlockFills unlawfully retained and commingled millions in customer crypto assets to cover its own losses. The judge ordered BlockFills to provide an accounting of segregated customer funds. The TRO was granted without notice due to the immediate and irreparable injury Dominion claimed it would suffer. This legal action comes three weeks after BlockFills halted customer deposits and withdrawals on February 11, citing the need to protect clients and restore liquidity following Bitcoin's drop below $60,000. The withdrawal halt affected approximately 2,000 institutional clients.
(Source：Cointelegraph)