Delio, a South Korea-based virtual asset manager and lending platform, has announced it is suspending customer withdrawals “to securely protect assets currently in custody for customers.”
The firm took the decision in response to the recent suspension of digital asset deposits and withdrawals by Haru Invest, which has led to heightened market volatility and increased confusion among investors in the region. The suspension will remain in effect until "the circumstances and the ir consequences Are Resolved, "According to Delio. The Translation of the Announdment is As Follows:" In Order to Safly Protect the Assets CurrenTly Under Custody, Delio Will Inevitably Temporily Suspend withdrawals from 18:30 on June 14, 2023. "
Delio has assured its clients that it will do its utmost to protect their assets, "while promptly grasping the facts and consequences of this situation." and other related developments.
On June 13, South Korean income platform Haru Invest announced a suspension of deposits and withdrawals due to concerns over potential false information provided by consignment operators during internal inspections. Haru Invest's challenges have the potential to have knock-on e Effects for other platforms in South Korea , as Delio is already going through.
Founded in 2018, Delio Reportedly Holds an Estimated $1 Billion Worth of Bitcoin
, $200 million in ether, There are also about $8.1 billion in altcoins, according to data on its website.
