{"id":52103,"date":"2023-06-14T19:27:38","date_gmt":"2023-06-14T23:27:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52103"},"modified":"2023-06-14T20:07:08","modified_gmt":"2023-06-15T00:07:08","slug":"crypto-lender-delio-pauses-withdrawals-citing-market-volatility","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-lender-delio-pauses-withdrawals-citing-market-volatility\/","title":{"rendered":"Crypto Lender Delio Pauses Withdrawals Citing Market Volatility"},"content":{"rendered":"\n

Delio, a South Korean virtual asset manager <\/a>and lending platform, has announced a temporary suspension of customer withdrawals. <\/p>\n\n\n\n

\"Crypto
Crypto Lender Delio Pauses Withdrawals Citing Market Volatility<\/figcaption><\/figure>\n\n\n\n

The purpose of this suspension is to ensure the safety of customers' assets that are currently in custody.In response to Haru Invest's recent suspension of deposits and withdrawals of digital assets<\/a>, we made the decision. <\/p>\n\n\n\n

This move by Haru Invest has caused market volatility and confusion among investors. Delio stated that they will continue the rest until resolving the situation and its aftermath. The translated announcement in English reads:<\/p>\n\n\n\n

\n

\u201cIn order to safely protect the assets of customers currently in custody, Delio will inevitably suspend withdrawals temporarily as of June 14, 2023, 18:30.”<\/p>\n<\/blockquote>\n\n\n\n

Delio has assured its customers that it will make every effort to safeguard their assets\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> while gathering information and understanding the implications of this situation. <\/p>\n\n\n\n

The company has also pledged to provide regular updates to customers about relevant facts, measures taken to protect client assets, and any further developments.<\/p>\n\n\n\n

There are concerns that the issues faced by Haru Invest<\/a>, resulting from inaccurate information provided by a consignment operator during an internal examination, may affect other platforms in South Korea, including Delio.<\/p>\n\n\n\n

According to reports, Delio, established in 2018, reportedly possesses $8.1 billion in cryptocurrencies, which include $1 billion in Bitcoin (BTC $25,884), $200 million in Ether (ETH $1,732), and an estimated $1 billion in Bitcoin (BTC $25,884).<\/p>\n","protected":false},"excerpt":{"rendered":"

Delio, a South Korean virtual asset manager and lending platform, has announced a temporary suspension of customer withdrawals. The purpose of this suspension is to ensure the safety of customers’ assets that are currently in custody.In response to Haru Invest’s recent suspension of deposits and withdrawals of digital assets, we made the decision. This move […]<\/p>\n","protected":false},"author":43,"featured_media":52105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4621,14870,1929],"class_list":["post-52103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-lender","tag-delio","tag-withdrawals"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1686782602837.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52103"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52105"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}