BlockFills Chapter 11 + Binance perp margin tweaks — counterparty & liquidity/execution risk
Key Questions
What happened to BlockFills?
BlockFills filed for Chapter 11 bankruptcy on 2026-03-16, with withdrawals suspended since February and ongoing lawsuits. This highlights counterparty and liquidity risks.
Why reduce exposure to BlockFills?
Amid DeFi exploits, miner sells, oil vol, and ETH whale activity, OTC/slippage risks rise. Test audited venues with micro-tests instead.
Are there related exchange updates?
Binance Futures is adjusting leverage and margin tiers for several USDT-margined perpetuals on April 10, unrelated but signaling broader risk management.
BlockFills filed 2026-03-16 (withdrawals susp Feb), ongoing lawsuits; Binance Apr10 leverage/margin on 18 alt perps (WIF/SNX etc.) risks forced liqs/position checks. OTC/slippage risks amid DeFi exploits/miner sells/oil vol/ETH/BTC whales; reduce exposure, test audited venues (TMGM/Zoomex/Phemex/Binance)/micro-tests.