PANews reported on March 21 that according to Digital Asset, the Korean crypto lending platform Delio has accumulated debts of 378.7 billion won (about 258.7 million US dollars) to creditors. The bankruptcy administrator, Jung Dong-hyun from Hyunwoo Law Firm, reported at the first creditors' meeting that as of March 12, registered bankruptcy claims included 15.62 billion won in cash claims (48 cases) and 363.04 billion won in virtual asset return claims (1,162 cases), totaling 378.66 billion won. The calculation of the won amount is based on the exchange rate on November 22, 2024, the date of the bankruptcy declaration.
Bankruptcy administrator: South Korean crypto lending platform Delio has accumulated debts of approximately US$258.7 million
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