South Korean virtual asset platform Delio declares bankruptcy, owing $1.75 billion

Odaily Odaily reported that the Korean virtual asset deposit platform Delio was declared bankrupt by the Seoul court. Delio suspended withdrawals last year and owed customers 245 billion won (1.75 billion US dollars). It will start the liquidation process, and customers can claim before February 21, 2025. The first creditors' meeting will be held on March 19. Most of the platform's assets are stored in the FTX account. After FTX went bankrupt, it was unable to recover the assets and could not return customer assets. About 2,800 customers were affected. (Cointelegraph)