Bankruptcy administrator: South Korean crypto lending platform Delio has accumulated about $258.70 million in debt
2025-03-21 06:24:38
According to a report by Digital Asset, South Korean crypto lending platform Delio has accumulated debt of 378.7 billion won (approx. $258.7 million) to creditors. Jung Dong-hyun from Hyunwoo Law Firm, the bankruptcy administrator, reported at the first creditors' meeting that as of March 12, the registered bankruptcy claims included 15.62 billion won in cash claims (48 cases) and 363.04 billion won in virtual asset return claims (1,162 cases), totaling 378.66 billion won. The calculation of the won amount is based on the exchange rate on November 22, 2024, the date of the declaration of bankruptcy.
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