News with the tag "Delio"

In a dramatic turn of events shaking the Asian cryptocurrency landscape, South Korean crypto lending platform Delio has disclosed a staggering debt of $258.7 million (378.7 billion won). This revelation, brought to light by bankruptcy trustee Jung Dong-hyun, has sent shockwaves through the crypto co...

A cryptocurrency platform based in South Korea has gone into bankruptcy as declared by a local court after its customers can no longer withdraw their virtual funds worth $1.75 billion. Related Reading: Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid The unfortunate...

Delio has officially been declared bankrupt following a tumultuous year marked by halted withdrawals and escalating financial woes. The post South Korea’s Delio Declared Bankrupt Amid $1.75 Billion Customer Loss appeared first on TheCoinrise.com .

According to a local report, South Korean crypto lending platform Delio has been declared bankrupt.

A creditors' meeting will be held in March, but their funds reportedly disappeared into the chaos of the FTX collapse.

The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant.

In a significant development in the ongoing investigation into the withdrawal suspensions of local cryptocurrency lender Delio and investment firm Haru Invest, South Korean prosecutors have issued an arrest warrant for a key person of interest known as “Bang.” This individual reportedly owns a major...

The South Korean crypto lender has had to halt certain interest payments amid a recent investigation resulting in the company and its customers' assets being seized.

As of June 30th, the South Korean Financial Services Commission (FSC) is reportedly looking into crypto lending company Delio, as

The storm clouds are gathering over Delio, the prominent South Korean cryptocurrency lending platform. In the wake of the company suspending deposits and withdrawals on June 14, the nation’s Financial Services Commission (FSC) is now launching a thorough investigation into serious allegations includ...