Prosecutors Seek Arrest Warrant for Delio CEO Over 245 Billion KRW Virtual Asset Fraud
The prosecution has requested an arrest warrant for Mr. A (51), the CEO of the virtual asset deposit service operator Delio, who is accused of embezzling virtual assets worth approximately 245 billion KRW.
On the 22nd, the Joint Investigation Team for Virtual Asset Crimes at the Seoul Southern District Prosecutors' Office announced that it had requested an arrest warrant for Mr. A on the previous day on charges including violation of the Act on the Aggravated Punishment of Specific Economic Crimes (fraud).
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2020040716004764021_1586242847.jpg)
Mr. A is accused of embezzling virtual assets worth a total of 245 billion KRW from about 2,800 victims between August 2021 and June of last year.
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Delio operated a business promising investors high interest rates paid in virtual assets if they deposited coins for a certain period, but on June 14 of last year, it suspended withdrawals for customers. It is currently undergoing rehabilitation procedures.
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