The hearing has been scheduled for next June, with debts of 500 million cut down to 3.25 million in assets when the deal was closed—this discount is even harsher than DeFi liquidations.

CoinWorld News reports that Keyrock, a digital asset company headquartered in Brussels, is acquiring the bankrupt crypto trading and lending firm Blockfills for $3.25 million. The acquisition includes nearly all of Blockfills’ assets, some liabilities, equity interests, its customer list, and its proprietary technology and intellectual property. A Keyrock spokesperson said that the acquisition requires court approval, and a related hearing is scheduled for June 16, 2026. On March 15, 2026, Blockfills filed a voluntary Chapter 11 petition with the U.S. Bankruptcy Court for the District of Delaware, reporting assets between $50 million and $100 million and liabilities between $100 million and $500 million. The company decided to file for bankruptcy to protect business value and maximize stakeholder recoveries.