Korean-based cryptocurrency lending service, Delio, has temporarily suspended customer withdrawals as a consequence of financial irregularities involving crypto investment firm, Haru.
In an update on its website, Delio revealed that it had paused withdrawals due to its funds being inaccessible in Haru. This follows the recent suspension of deposits and withdrawals by Haru itself on June 13, in response to undisclosed complications with one of its service providers.
Haru, a platform that offers users up to a 12% return on its Earn Plus product, has yet to provide a detailed explanation regarding the ongoing issues with its service provider. This lack of communication and the subsequent suspension of services have led to speculation and concerns among its users, resulting in a significant surge in withdrawal requests.
Delio’s CEO, Jung Sang-ho, confirmed this increase in a recent interview with Money Today. He noted that the difficulties Delio was facing resulted from a rapid increase in
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