Delio Financial News
26.06 / 02:09
CEO
Southern
reports
guidelines
Courts
Delio
Delio CEO Admits Investor Deposits Not ‘Principal Protected’ Amid $181M Collapse
Jeong Sang-ho, CEO of Delio, faced intense scrutiny in the second criminal trial held at the Seoul Southern District Court on June 25, where he said investors’ deposits were not “principal protected.”
20.06 / 10:33
14.09 / 15:13
Legal
banking
Deutsche Bank
Taurus
Delio
Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
14.09 / 11:49
regulation
lending
Bitcoin Regulation
Bitcoin
Delio
South Korean Bitcoin lender Delio plans to sue regulators: Report
South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of law leading to an investigation and hefty fine against the crypto lending firm.
24.07 / 05:37
Blockchain
Adoption
lending
Delio
Crypto lender Delio warns normal operations in jeopardy after asset seizures
South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients after having its assets seized by a local financial regulator.
03.07 / 18:13
cryptocurrency
Crypto Exchange
Delio
regulatory
Regulatory Investigation Targets South Korean Crypto Lender Delio
South Korea-based Delio is currently under scrutiny as the country's Financial Services Commission (FSC) investigates the crypto lending firm for alleged fraud, embezzlement, and breach of trust.
30.06 / 18:49
business
Blockchain
Delio
South Korean crypto lending firm Delio under investigation by regulators
According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio's unilateral decision to suspend users' deposits and withdrawals on June 14.
19.06 / 19:59
business
Blockchain
lending
Withdrawals
Delio
Crypto lender Delio to resume withdrawals after counterparty contagion
According to a recent report by local news outlet Decenter, South Korean crypto lending platform Delio will resume withdrawals, albeit with no fixed schedule, after pausing them on June 14. In a meeting with investors on June 17, CEO Jung Sang-ho explained, "[Delio] will secure as much capital as possible to compensate” and that "users’ withdrawals would come in phases." No details regarding the specific repayment period, method and amount of damage were disclosed, however.
16.06 / 06:37
business
Blockchain
Technology
Investments
Web3
Withdrawals
Delio
South Korean Bitcoin lending platform Delio pauses withdrawals
Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”
16.06 / 05:24
UPS
Provident
CEO
Platform
Bitcoin
Suspends
Withdrawals
Delio
S Korean Crypto Lender Delio Suspends Withdrawals – What Do We Know?
The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.
07.07 / 21:27
Ethereum
Ripple
Bitcoin
Delio
Delio unveils South Korea's first 'crypto bank'
The MMDA account enables the deposit and withdrawal of crypto assets at any time and offers daily compound earnings regardless of the performance when storing Bitcoin, Ethereum, and Ripple. Delio is also opening a branch offering things like an "economic salon" and "crypto academy" in Seoul’s Gangnam district, the centre of the Korea’s crypto industry.
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