Susquehanna-backed crypto lender BlockFills halts client withdrawals
Move comes during period of sustained volatility in digital asset markets
Move comes during period of sustained volatility in digital asset markets

Company has been sued by one customer and told potential investors it suffered from accounting failures

New York investment group backtracks from earlier plan to reopen to withdrawals

Withdrawal requests hit 14% in the first quarter as investors grow skittish on private capital exposure

The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions

They are no substitute for money, even if usage is growing fast

When the going gets tough, investors are struggling to find a place to hide