At up to $3.25M, Keyrock bought a stack with 25+ market connections and a client book BlockFills said handled $61.1B in 2025, about 0.005% of one year’s notional volume. Crypto prime-broker volume is worth almost nothing once counterparty trust breaks; BlockFills entered Chapter 11 less than three months after advertising 2,000+ institutions across 95+ countries.

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