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On Wednesday, June 14, the Delio team informed users about the temporary suspension of withdrawal transactions. The reason was the problems of the investment company Haru Invest, which stopped the withdrawal of funds and replenishment of deposits the day before.
Delio said that the effects of the restrictions imposed by Haru Invest led to a rapid increase in volatility throughout the Korean cryptocurrency market, as well as the spread of information on social media, which caused panic among investors.
“To protect investments and the safety of customer assets currently held on our company’s balance sheet, we have temporarily suspended withdrawals until the situation and its consequences are resolved,” the company explained.
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The administration of Delio did not provide additional information on the possible timing of the resumption of withdrawal operations.
The day before, digital asset management platform Haru Invest closed
its offices. The company’s employees were then reassigned to their home jobs and their Medium, LinkedIn and Instagram accounts were deleted.