Crypto finance company Delio announced that it will resume withdrawals in stages, but did not disclose the specific repayment period, method and amount of losses.
On June 17, Delio CEO Jeong Sang-ho stated at an investor briefing, “Currently, Delio is in an unstable state because it depends on the situation of Haru Investment and B&S. I understand that Haru Invest is undergoing bankruptcy proceedings. We will secure as much compensation capital as possible, such as third-party paid-in capital increases.” However, Jeong did not disclose the specific repayment time. In addition, the rate of return that Delio initially advertised in its deposit products is difficult to guarantee, but it stated that there will be a plan to recover losses.
It is reported that Delio entrusted some of its customers' funds to Haru Invest, and Haru Invest entrusted its funds to B&S. When Haru Invest stopped withdrawing on June 13 due to problems with B&S, it affected Delio. (Decenter)