South Korea’s largest cryptocurrency lending platform, Delio, announced that it has temporarily suspended withdrawals.
in south korea within 1 week two major cryptocurrency exchanges stop withdrawals drew attention. Cryptocurrency platform delioaccording to the sharing of South Korean local sources temporarily suspending withdrawals explained. Another South Korean cryptocurrency company Haru Invest with a similar decision one day before had come to the fore.
financial authorities in South Korea. virtual asset service provider (VASP), the only cryptocurrency custodian, Delio, cited Haru Invest’s recent announcement as a reason for this unexpected decision. cryptocurrency deposit and after suspending withdrawals increased market volatility suggested.
In contrast, the country’s leading cryptocurrency exchange Upbitby issuing a notice “as part of investor protection measures” Cryptocurrency withdrawals for Delio that you restrict declared. Upbit made a similar decision after Haru Invest stopped withdrawals.