'Withdrawal Suspension' Delio Deposit Users Form Representative Meeting
Users who deposited virtual assets in Delio, a domestic virtual asset custody service that recently blocked withdrawals, have launched a representative meeting.
According to the industry on the 20th, the representative meeting was formed through an agreement between Delio and the deposit users. The representative meeting will serve as an internal decision-making body and communication channel for all deposit users. Additionally, it will function to quickly gather opinions among deposit users and act as the decision-making representative for major consultations with Delio.
This representative meeting was created following a request by Jeong Sang-ho, CEO of Delio, at the investor briefing held on the 17th to form such a meeting. All members of the representative meeting are deposit users and include university professors, lawyers, and developers. Furthermore, Delio agreed to hold regular weekly meetings of the representatives.
A Delio official stated, "We will actively communicate with the representative meeting to promptly resolve issues and protect the interests of deposit users," adding, "We will provide accurate information to the representative meeting so that depositors are not misled by market rumors and propose measures to solve the problems to the representative meeting."
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Earlier, on the 14th, Delio announced, "Due to the impact on digital asset deposits and withdrawals caused by HaruInvest, market volatility has sharply increased, and confusion among investors has intensified," and "From 6:30 PM on that day until the situation is resolved, a temporary withdrawal suspension measure will be implemented." HaruInvest is a centralized finance (CeFi) platform that attracted attention by offering up to 12% annual interest for depositing virtual asset Bitcoin, but it stopped deposit and withdrawal services earlier than Delio, citing problems with its partner virtual asset management company B&S Holdings.
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