South Korean crypto lending platform Delio announced on June 14 that it would temporarily halt withdrawals by 18:30 (KST) today to protect customers’ assets.
Decision blamed on Haru situation
The company attributed its decision to the heightened market volatility following Haru Invest’s suspension of deposits and withdrawal services. On June 13, Haru halted transactions on its platform to protect investors following a business error.
Local media firm Block Media reported that Delio CEO Jung Sang-ho said:
“Withdrawal requests are pouring in after the one-day incident, so we stopped withdrawing to calm the situation. There is a transactional relationship with Haru Invest, and the amount cannot be disclosed.”
In its statement, Delio said it had to take this measure “to safely protect the assets of customers currently in custody.” The firm further described the decision as “unavoidable” while apologizing for any inconvenience.
Delio did not provide additional information o
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