Chicago-based crypto trading and lending platform BlockFills is actively pursuing restructuring options as it grapples with liquidity challenges and mounting legal pressure. The firm, which provides services to institutional investors worldwide, has turned to external advisors for guidance on stabilizing its operations following a sharp downturn in digital asset markets.

This development marks the latest update in a series of difficulties that began earlier this year when the company paused client transactions.

BlockFills suspended deposits and withdrawals on February 11, citing challenging market and financial conditions.

As first reported by the FT, the latest move came as Bitcoin (BTC) and other cryptocurrencies experienced…