ChainCatcher news, according to Chosun Biz, South Korean virtual asset management and lending platform Delio has issued a notice to creditors, announcing plans to establish a new company to take over all its debts. Delio intends to sell its existing entities, including a virtual asset service provider (VASP), and use the proceeds from the sale to address its financial obligations.Currently, Delio is facing trial on charges of allegedly stealing approximately 250 billion won (about 180 million USD) in cryptocurrency and suddenly halting cryptocurrency deposits and withdrawals without prior notice. Industry experts have expressed skepticism about the feasibility of Delio's strategy, suggesting that the plan may be aimed at obtaining a lighter sentence in the ongoing trial.

ChainCatcher news, according to Etoday, South Korean virtual asset management and lending platform Delio has announced a plan to fully repay user debts before CEO James Jung's upcoming criminal trial and the platform's bankruptcy hearing. The repayments will be made in four installments: 20%, 20%, 25%, and 35%. However, Delio has not specified the exact timing of these repayments, the amount of funds held, or the source of the repayment funds. It is estimated that Delio owes a total of 247.4 billion won (approximately 179.8 million USD) to about 2,800 creditors.Earlier this January, South Korea issued arrest warrants for key figures in the Delio-Haru Invest withdrawal suspension case.

ChainCatcher news, according to Decenter, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission has announced sanctions against Delio, including a three-month suspension of all operations, a fine of 1.896 billion won (approximately 1.44 million USD), and the dismissal of an executive.The FIU stated that Delio transferred customers' virtual assets 171 times for unreported foreign virtual asset operators and supported unreported virtual asset operators in storing virtual assets. Additionally, Delio failed to conduct anti-money laundering risk assessments before offering new products and services, violating customer identification obligations.

ChainCatcher news, according to ETtoday, South Korean crypto financial company Delio has disclosed the scale of deposits and estimated losses for the first time after suspending withdrawals for more than two months. The deposit scale on the Delio platform is approximately 90 billion won (about 67.95 million USD), and the current estimated loss rate is between 30-50%.Delio stated that the final loss rate can only be confirmed after completing measures such as the recovery of operating assets and liquidation, so it is currently just an estimate; this figure is not final and may change based on circumstances; if the final loss scale is determined in the future, additional compensation will be prepared based on that.

ChainCatcher news, according to South Korean media hankyung, South Korean crypto financial company Delio will stop web hosting services after August 11. If the service is interrupted, it will render all customer services and the company's operational management system unusable.Delio stated that, according to the preservation decision of the bankruptcy court, the use of various expenses must be approved by the court in advance, and they have applied to the bankruptcy court for permission to use funds for web hosting, labor costs, and other necessary expenses required for company operations, but approval has not yet been granted.

ChainCatcher news, according to an official announcement, South Korean crypto financial company Delio announced that it will suspend some services and stop paying users interest on virtual assets starting July 24. Delio explained that during the seizure search on July 18, all assets owned by customers and the company, as well as other cold wallets, ledgers, etc., were confiscated by the prosecution. (Source link)

ChainCatcher news, according to a report by the Chosun Ilbo citing informed sources, creditors of the South Korean crypto financial company Delio have applied for corporate bankruptcy reorganization procedures (original court takeover procedures) to the Seoul Bankruptcy Court through the law firm LKB & Partners, which is currently filing a class action lawsuit against Haru Invest and Delio.Previous news, Delio announced on June 14 that it had suspended withdrawals, stating that this move was due to increased market volatility after Haru Invest suspended deposits and withdrawals, and later announced on June 28 that it would resume deposit and withdrawal services for ADA, SOL, XTZ, DOT, KSM, and NEAR tokens. (Source link)

ChainCatcher news, South Korean cryptocurrency financial company Delio announced that it will hold an investor briefing in Seoul on June 17th in the morning. Delio stated that the purpose of this investor briefing is to apologize for the current situation, explain the FUD, and address the issues. Delio will also report the current situation to investors and discuss a feasible investment recovery plan.Delio stated that only actual customers using Delio's services can participate in the meeting, and they need to sign a declaration (stating that they will not use physical or verbal violence) before the meeting starts. (Source link)

ChainCatcher news, according to Decenter, South Korean cryptocurrency financial company Delio announced that it will suspend withdrawals starting from 18:30 today. Delio stated that this move is due to increased market volatility following Haru Invest's suspension of deposits and withdrawals. The South Korean cryptocurrency exchange subsequently announced that it would restrict Delio's withdrawals.Earlier reports indicated that the crypto asset management platform Haru Invest announced yesterday that it would suspend deposits and withdrawals due to partner issues. Following this, some media outlets discovered that after Haru Invest issued the suspension announcement, it seemingly quickly closed its offline offices and deleted some social media accounts. Haru Invest CEO Hyung-soo Lee stated that they are investigating the reasons for the platform's suspension of deposits and withdrawals in collaboration with their partners and are developing solutions. (source link)