Press Release Today TheBitTimes.com

The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity. Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.” The company made the decision in response to the recent suspension of digital asset deposits and withdrawals at Haru Invest, which has led to heightened market volatility and increased confusion among investors within the region. According to Delio, the suspension will remain in effect until “the situation and its aftermath are resolved.” A translation of the announcement read: “In order to safely protect the assets of customers currently in custody, Delio will inevitably suspend withdrawals temporarily as of June 14, 2023, 18:30." Delio has reassured its clients that it will do its best to protect their assets “while quickly grasping the facts ...

The creditors have until February 21, 2023, to vote on a new scheme proposed by the company. According to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all firm's eligible creditors through its scheme manager KordaMentha. As told by Zipmex, the creditors have until Feb. 21, 2023 to vote on the scheme and "will receive 100% of their digital assets in the Z Wallet" if the scheme is approved and the cryptocurrency closes its pending investment deal.  Last July, Zipmex filed for debt relief in Singapore after its counter-party and crypto lending firm Babel Finance halted withdrawals , citing "unusual liquidity pressures." The exchange was also impacted by the bankruptcy of crypto lending firm Celsius. Together, the two counterparties owe Zipmex $48 million and $5 million, respectively.  Zipmex subsequently paused withdrawals on its platform after the revelations last July. However, withdrawals were resume...