Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million during the recent market downturn, according to two people with knowledge of the matter.

Blockfills is now looking for a buyer, one of the people said, who spoke on condition of anonymity because the matter is private.

Asked about the losses, Blockfills declined to comment.

Chicago-based Blockfills suspended deposits and withdrawals last week. The firm’s management said in a press release on Feb. 11 that it was working with investors and clients to achieve a swift resolution and restore liquidity to the platform.

“Clients have been able to continue trading with BlockFills for the purpose of opening and closing positions in spot…