Keyrock plans to acquire bankrupt crypto trading and lending firm BlockFills for $3.25 million, with the deal providing access to BlockFills' institutional client network, according to the new report.
Keyrock, a Brussels-based digital asset firm, is set to acquire bankrupt crypto trading and lending company BlockFills for $3.25 million, adding a disclosed purchase price to the previously reported proposed transaction. BlockFills filed for Chapter 11 in March, reporting between $100 million and $500 million in liabilities and $50 million to $100 million in assets. The acquisition would give Keyrock access to BlockFills' institutional client network, while the transaction remains subject to bankruptcy-court approval.