She owns Delio, a virtual asset manager and lending platform based in South Korea announce Temporarily suspending customer withdrawals “in order to securely protect the assets of customers who are currently being held”.
The company made this decision in response to the recent suspension of deposits and withdrawals of digital assets at Haru Invest, which has increased market volatility and increased confusion among investors within the region. According to DiLeo, the suspension will remain in effect until “the situation and its ramifications are resolved.” The translation of the ad reads as follows:
“In order to safely protect the assets of customers currently being held in custody, Delio will inevitably temporarily suspend withdrawals from June 14, 2023, at 18:30.”
Delio assured its clients that it will do everything in its power to protect their assets “while quickly understanding the facts and consequences of this situation.” The company has also pledged to provide regular updates through announcements regarding upcoming facts, measures taken to protect clients’ assets and other relevant developments.
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On June 13, South Korean payout platform Haru Invest announced it was suspending deposits and withdrawals due to concerns about possible false information provided by the freight operator during internal inspections. The challenges Haru Invest faces have the potential to create a ripple effect on other platforms in South Korea, as Delio is already attesting.
Founded in 2018, Delio is said to own an estimated $1 billion in Bitcoin (BTC), $200 million in Ether (ETH) and about $8.1 billion in altcoins, data from its website revealed.
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