Informed sources: BlockFills is seeking restructuring after suspending withdrawals and facing lawsuits.

Techub News, according to a report by the Financial Times citing informed sources, cryptocurrency trading and lending company BlockFills has "sought restructuring advice from consulting firm BRG." Previously, the lender temporarily suspended customer deposits and withdrawals last month. At the time, BlockFills attributed this move to "recent market and financial conditions," citing a significant decline in the digital asset market.

As previously reported by Techub News, a judge from the U.S. District Court for the Southern District of New York issued a temporary restraining order against BlockFills, freezing 70.6 Bitcoin assets allegedly belonging to Dominion Capital and prohibiting the company from transferring assets outside the United States.