PANews reported on June 2nd that, according to CoinDesk, Belgian digital asset services company Keyrock is acquiring bankrupt crypto trading and lending company BlockFills for $3.25 million, pending court approval. Keyrock will assume "virtually" all of BlockFills' assets, some liabilities, some equity, client list, and proprietary technology and intellectual property.

BlockFills filed for Chapter 11 bankruptcy in March, reporting liabilities of $100 million to $500 million and assets of only $50 million to $100 million. This acquisition will give Keyrock access to BlockFills' institutional client network, including hedge funds, asset management firms, market makers, and mining companies. Keyrock completed a Series C funding round last year led by Standard Chartered's SC Ventures, valuing the company at $1.1 billion, and acquired Luxembourg-based fund management firm Turing Capital last fall.