South Korean crypto lending platform Delio suspends withdrawals
Delio, a Korea-owned crypto currency lending and savings company, has temporarily suspend ed fund withdrawal s, citing increased market volatility. Delio, a South Korea-based digital assets lending platform offering users high returns on their crypto holdings, has suspended fund withdrawals, citing increased market volatility. Established in 2018, Delio offers its users up to a 10.7% annual percentage ratio (APR) on their bitcoin (BTC), ether (ETH), and USDT holdings. According to a statement by the company, its decision to suspend deposits and withdrawal s is aimed at protecting its customers, who are now confused due to the sharp drop in the price of bitcoin and other crypto currencies. “We are very sorry for causing concern to our valued customers and investors due to the unavoidable temporary suspension of withdrawals. Delio will do our best to protect the assets of our customers while quickly grasping the facts and aftermath related to this situation.” Delio ...