Major crypto company confirms CEO reshuffle

Anand Sinha

Thu, February 26, 2026 at 9:01 AM GMT+9 2 min read

In this article:

BTC-USD

-1.70%

VYGVQ

0.00%

We have entered into the fifth month following the massive liquidation event on Oct. 10 last year, and there is no respite despite the correction today.

The total crypto market capitalization has dropped from $4.3 trillion in early October to $2.4 trillion at press time. Bitcoin (BTC), which peaked above $126,000 on Oct. 6, is trading 45% lower at $69,114.

Over the past few months, the industry has witnessed several companies filing for bankruptcy protection, shutting down, and laying off staff.

Related: New IRS Form 1099-DA may trigger inflated tax payments

A crypto firm even froze withdrawals earlier this month. But there wasn’t anything extraordinary about the incident in an industry that saw several major firms like Celsius, Voyager Digital, BlockFi, and Genesis freezing withdrawals before going bankrupt during the 2022 crash.

Such incidents reveal the liquidity crises brewing beneath the surface, exposing how quickly confidence can evaporate when access to funds is restricted.

However, not every withdrawal freeze indicates a potential insolvency or bankruptcy crisis. Sometimes, it’s a technical glitch that demands that users don’t withdraw funds so that liquidity gets stable.

More News:

**Popular crypto firm announces layoffs after token's disastrous drop**

**Another crypto company files for Chapter 11 bankruptcy**

**Major crypto platform shuts shop amid 'extreme fear' in market**

CEO reshuffle at BlockFills

As reported earlier, Chicago-based crypto trading and lending firm BlockFills temporarily suspended client deposits and withdrawals on Feb. 11.

The firm said it took the decision to protect both clients and the firm amid volatile financial conditions.

As per a report last week, BlockFills is reportedly up for sale. However, the crypto lender refused to comment on sale reports when TheStreet Roundtable reached out.

BlockFills caters primarily to institutional clients, including hedge funds and digital asset managers, and has been active in crypto-backed lending and liquidity provision since 2018.

The firm is backed by investors including Susquehanna Private Equity Investments, CME Ventures, Simplex Ventures, C6E and Nexo.

On Feb. 25, CoinDesk reported that the crypto lender’s co-founder and CEO, Nicholas Hammer, has stepped down from the leadership role. The company’s spokesperson told **_TheStreet Roundtable _**that it isn’t new news.

**“Nick Hammer hasn’t been CEO since July last year. There has been an interim CEO since,” **the spokesperson said.

The crypto firm’s website lists Joseph Perry as the “interim CEO.”

Story Continues  

Related: Popular crypto lender reportedly up for sale

This story was originally published by TheStreet on Feb 25, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

Terms and Privacy Policy

Privacy Dashboard

More Info