South Korean crypto lending company Delio has expressed concerns about its ability to provide normal services to clients after having its assets seized by a local financial regulator. Delio explained that an ongoing legal battle with depositors and a search and seizure of the company's assets on July 18 resulted in the seizure of all assets owned by customers and the company, as well as other cold wallets and ledgers. The company has suspended interest payments for its deposit and vault users as of July 24 and has suspended services that require additional expenses. Delio is one of South Korea's largest crypto lending platforms, holding approximately $1 billion in Bitcoin, $200 million in Ether, and approximately $8.1 billion in altcoins.