- Delio has stopped withdrawals due to problems at Haru Invest
- Delio has not said when withdrawals will resume.
- Upbit exchange plans to limit withdrawals to Delio
Korean cryptocurrency service Delio has temporarily stopped withdrawals. The reason for the stoppage was cited as problems at investment firm Haru Invest, as it also suspended withdrawals and deposits on its platform on June 13.
Delio CEO, Jeong Sang-ho, said:
“Due to the one-day incident, we are receiving withdrawal requests, so we are temporarily stopping the process to calm things down.. We have a transactional relationship with Haru Invest, but the amount cannot be disclosed.”
Delio itself called the decision unavoidable and said the measure was necessary to protect client assets. The firm did not provide additional information on when withdrawals could theoretically resume and also did not specify whether it still accepts deposits.
The cryptocurrency platform manages more than $1 billion in digital assets, including BTC, ETH and several altcoins. Delio’s website also states that the service has processed 41,700 BTC (worth $1 billion), 118,000 ETH (worth $205 million) and $6.2 million altcoins during its operations.
The Delio website also states that the service has processed 41,700 BTC (worth $1 billion), 118,000 ETH (worth $205 million) and $6.2 million altcoins.