Breaking news, according to a certain news media report! The South Korean crypto platform Delio is likely to declare bankruptcy due to the inability to withdraw massive customer assets, which may have been used to cover losses, resulting in a liquidation that prevents them from paying interest to customers, ultimately forcing the closure. It's better not to play with small platforms; for investment advice, I recommend sticking with larger institutions, buying some promising coins in the primary market for better returns! Many friends are asking which meme coins have potential! Marvin7055
The cryptocurrency platform Delio announced the cessation of operations after customers could not withdraw virtual funds worth $1.75 billion, and was declared bankrupt by the local court on Friday.
It is reported that Delio was established in 2018 and obtained the qualification of virtual asset service provider issued by the financial intelligence agency in 2022, becoming the first South Korean company to receive this recognition.
Relevant personnel from the local court pointed out that the main reason for Delio's bankruptcy was its cessation of withdrawals, halting operations, and significant losses, leading to its determination of insolvency.
If you are currently incurring losses and don't know what to do, you can click to follow me, tap my profile to find me anytime; I share all contract and spot trading strategies. Just trying to gain followers
