South Korea's Largest Crypto Lending Company, Delio, Suspended Withdrawals

According to Decenter, Delio, a Korean cryptocurrency financial company, announced that it would suspend withdrawals today. Delio stated that this measure was taken in response to increased market volatility following the suspension of withdrawals by Haru Invest.

Delio is the only virtual asset deposit service company in Korea that reports to financial authorities as a Virtual Asset Service Provider (VASP). In response, Upbit issued an announcement on the same day, stating that it would restrict virtual asset withdrawals from Delio as part of "investor protection measures."

According to its website, Delio holds $1b in BTC, $200M in ETH and claims $8.1B in other alt-coins.