June 30 (Cointime) - South Korean crypto lending firm Delio is being investigated by the country's Financial Services Commission (FSC) for fraud, embezzlement, and breach of trust related to the suspension of users' deposits and withdrawals on June 14. Delio's CEO and management staff have been barred from leaving the country pending an investigation by prosecutors. Delio is one of South Korea's largest crypto lenders, holding an estimated $1 billion in Bitcoin (BTC), $200 million in Ether (ETH), and $8.1 billion in various altcoins. Delio's sister firm, Haru Invest, also suspended withdrawals and deposits on June 13 due to an issue with a "consignment operator."
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South Korean Crypto Lending Firm Delio Under Investigation for Fraud and Embezzlement
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