South Korean Crypto Platform Delio Declared Bankrupt Amid $1.75B Debt

Quick Summary:

According to several local news reports, a court in Seoul, South Korea, declared virtual asset deposit platform Delio bankrupt on November 22.

Delio stopped allowing withdrawals last year because they owed their clients 245 billion won ($1.75 billion).

The process of liquidation will be initiated by Delio.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ashfaq

Category: Crypto

Markets: United Arab EmiratesSouth Korea

Topics: Market News Bitcoin Korea Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 15:04:59 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23781930

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 19 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions