According To Delio CEO, Withdrawals Resumed Gradually

Leading cryptocurrency lending firm Delio, which was involved in the Lugpool issue, suspended withdrawals two days ago. Recently, its CEO indicated plans to gradually begin withdrawals.

According To Delio CEO, Withdrawals Resumed Gradually

Delio CEO Jeong Sang-ho disclosed to guests during the investor event that the business would progressively restore withdrawal services. The CEO highlighted that the issue was still a moving target because it hinged on the events involving Haru Investment and B&S, two organizations that were integral to Delio’s business.

CEO Jeong stated Delio’s commitment to securing as much money as feasible, including taking into consideration a paid-in capital increase from a third party, to make up for the losses. The CEO did not provide any precise information regarding the timing of payback, despite the fact that his statement was intended to inspire confidence in investors.

While I cannot disclose specific timing at this moment, rest assured that we are working diligently to address these issues and communicate further updates through an investor representative meeting.

Jeong

Delio CEO Confirms Haru Invest Bankruptcy

Jeong stated that Haru Invest was going through bankruptcy proceedings, making it difficult to guarantee the rate of return that was previously advertised for deposit goods. The CEO assured investors that there were plans in place to make up for the losses, notwithstanding the difficulties.