Delio, a South Korean cryptocurrency company, will temporarily suspend some services and cease paying interest on virtual assets.

Odaily News - South Korean encrypted financial company Delio has announced that it will temporarily suspend some services and stop paying interest on virtual assets. Delio stated that during the seizure and search on July 18th, all assets owned by customers and the company were confiscated by the prosecution.



According to previous reports, in June, the Financial Services Commission of South Korea was conducting a comprehensive investigation into fraud, corruption, and breach of trust allegations against the virtual asset lending platform Delio. Delio has suspended withdrawals since June 14th. The Financial Intelligence Unit (FIU) of the Financial Services Commission of South Korea has obtained Delio's virtual asset operations and financial data today and is conducting an on-site investigation.