Crypto lender Delio to renew withdrawals after counterparty contagion

In line with a latest report by native information outlet Decenter, South Korean crypto lending platform Delio will resume withdrawals, albeit with no fastened schedule, after pausing them on June 14. In a gathering with traders on June 17, CEO Jung Sang-ho defined, “[Delio] will safe as a lot capital as potential to compensate” and that “customers’ withdrawals would are available phases.” No particulars relating to the particular compensation interval, methodology and quantity of harm have been disclosed, nonetheless.

Delio is one in every of South Korea’s largest crypto lending corporations and claims to carry an estimated $1 billion in (BTC), $200 million in Ether (ETH) and roughly $8.1 billion in altcoins. The agency entrusted a large portion of purchasers’ funds to fellow South Korean crypto yield platform Haru Make investments.

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