Chapter 11: Once you play your way through the M&A window period, the same old bankruptcy-and-acquisition logic from traditional finance still gets it done in the crypto world

Belgian digital asset service provider Keyrock plans to acquire the bankrupt cryptocurrency trading and lending platform BlockFills for $3.25 million, pending court approval. According to bankruptcy documents, Keyrock will acquire most of BlockFills' assets, some liabilities, customer lists, as well as proprietary technology and intellectual property. BlockFills filed for U.S. Chapter 11 bankruptcy protection in March this year, with reported assets between $50 million and $100 million, and liabilities between $100 million and $500 million. The company had previously suspended customer deposits and withdrawals and was seeking buyers or emergency financing. (CoinDesk)