After being investigated and hit with a large fine, South Korean crypto lender Delio is reportedly getting ready to file an administrative lawsuit against authorities over its misinterpretation of the law. The local media said that Delio stated the Financial Service Committee’s (FSC) claims of fraud and theft are unfounded.
As of June 30th, the South Korean Financial Services Commission (FSC) is reportedly looking into crypto lending company Delio, as reported by the local news portal Digital Asset. The FSC has filed charges of fraud, embezzlement, and breach of trust against Delio due to the company’s June 14 decision to
Delio, the leading cryptocurrency lending platform in South Korea and a central figure in the Lugpool dispute, temporarily halted withdrawals two days ago. The company’s CEO has lately revealed intentions to gradually restart withdrawals. Delio CEO Jeong Sang-ho announced the gradual resumption of withdrawal services at a conference with investors.
Delio, the leading crypto lending company in South Korea, has announced a temporary suspension of customer withdrawals. This decision has been made in order to safely protect the consumer’s assets. On June 14, Delio announced that it had temporarily suspended customer withdrawals. Delio mentioned that the company has to take
