Delio Shuts The Vault: Crypto Billions Frozen As South Korean Giant Hits Pause
Portfolio Pulse from Murtuza Merchant
South Korean digital asset platform Delio has temporarily halted customer deposits and withdrawals, citing the need to protect client assets amidst market turbulence and investor uncertainty. Delio manages approximately $1.1 billion in Bitcoin and $206 million in Ethereum. This follows a similar move by Haru Invest, which also suspended deposits and withdrawals.
June 14, 2023 | 7:00 pm
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NEGATIVE IMPACT
Delio's suspension of deposits and withdrawals may cause short-term uncertainty for Bitcoin, as the platform manages $1.1 billion in BTC.
Delio's decision to halt deposits and withdrawals may cause short-term uncertainty for Bitcoin, as the platform manages a significant amount of BTC. This could lead to concerns about the security and stability of the cryptocurrency, potentially impacting its price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Delio's suspension of deposits and withdrawals may cause short-term uncertainty for Ethereum, as the platform manages around $206 million in ETH.
Delio's decision to halt deposits and withdrawals may cause short-term uncertainty for Ethereum, as the platform manages a significant amount of ETH. This could lead to concerns about the security and stability of the cryptocurrency, potentially impacting its price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80