South Korean virtual asset platform Delio declares bankruptcy, owes $1.75 billion
2024-11-23 00:25:32
On November 23rd, the South Korean virtual asset deposit platform Delio was declared bankrupt by the Seoul court. Delio suspended cash withdrawals last year and owed customers 245 billion Korean won (1.75 billion US dollars). It will start the liquidation process, and customers can claim before February 21, 2025. The first creditor meeting was held on March 19. Most of the platform's assets were deposited in FTX accounts. After FTX went bankrupt, it could not recover the assets and could not return the customer's assets. About 2,800 customers were affected.
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