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South Korean Crypto Finance Company Delio Will Suspend Some Services and Stop Paying Interest on Virtual Assets

South Korean encrypted financial company Delio announced that it will suspend some services and stop paying interest on virtual assets. During the July 18 seizure, all assets owned by the client and the company were confiscated by prosecutors, Delio said.

As previously reported, in June, South Korea’s Financial Services Commission was conducting a comprehensive investigation into virtual asset lending platform Delio’s allegations of fraud, embezzlement and breach of trust, and Delio suspended withdrawals on June 14. The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission obtained Delio’s virtual asset operations and financial data today and is conducting an on-site investigation.

South Korean Virtual Assets Fraud
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