Bitcoin
Bitcoin (BTC)
$101,774.00 -0.33673
Bitcoin price
Ethereum
Ethereum (ETH)
$3,884.33 -0.77883
Ethereum price
BNB
BNB (BNB)
$716.67 -1.66472
BNB price
Solana
Solana (SOL)
$221.24 -2.0604
Solana price
XRP
XRP (XRP)
$2.42 -0.96921
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -3.23555
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000235 -3.41779
Pepe price
Bonk
Bonk (BONK)
$0.0000365 -5.91792
Bonk price
dogwifhat
dogwifhat (WIF)
$2.85 -2.72087
dogwifhat price
Popcat
Popcat (POPCAT)
$1.11 -7.60919
Popcat price
Bitcoin
Bitcoin (BTC)
$101,774.00 -0.33673
Bitcoin price
Ethereum
Ethereum (ETH)
$3,884.33 -0.77883
Ethereum price
BNB
BNB (BNB)
$716.67 -1.66472
BNB price
Solana
Solana (SOL)
$221.24 -2.0604
Solana price
XRP
XRP (XRP)
$2.42 -0.96921
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -3.23555
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000235 -3.41779
Pepe price
Bonk
Bonk (BONK)
$0.0000365 -5.91792
Bonk price
dogwifhat
dogwifhat (WIF)
$2.85 -2.72087
dogwifhat price
Popcat
Popcat (POPCAT)
$1.11 -7.60919
Popcat price
Bitcoin
Bitcoin (BTC)
$101,774.00 -0.33673
Bitcoin price
Ethereum
Ethereum (ETH)
$3,884.33 -0.77883
Ethereum price
BNB
BNB (BNB)
$716.67 -1.66472
BNB price
Solana
Solana (SOL)
$221.24 -2.0604
Solana price
XRP
XRP (XRP)
$2.42 -0.96921
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -3.23555
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000235 -3.41779
Pepe price
Bonk
Bonk (BONK)
$0.0000365 -5.91792
Bonk price
dogwifhat
dogwifhat (WIF)
$2.85 -2.72087
dogwifhat price
Popcat
Popcat (POPCAT)
$1.11 -7.60919
Popcat price
Bitcoin
Bitcoin (BTC)
$101,774.00 -0.33673
Bitcoin price
Ethereum
Ethereum (ETH)
$3,884.33 -0.77883
Ethereum price
BNB
BNB (BNB)
$716.67 -1.66472
BNB price
Solana
Solana (SOL)
$221.24 -2.0604
Solana price
XRP
XRP (XRP)
$2.42 -0.96921
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -3.23555
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000235 -3.41779
Pepe price
Bonk
Bonk (BONK)
$0.0000365 -5.91792
Bonk price
dogwifhat
dogwifhat (WIF)
$2.85 -2.72087
dogwifhat price
Popcat
Popcat (POPCAT)
$1.11 -7.60919
Popcat price

South Korean crypto lending platform Delio suspends withdrawals

south-korean-crypto-lending-platform-delio-suspends-withdrawals
Edited by
News
South Korean crypto lending platform Delio suspends withdrawals

Delio, a Korea-owned cryptocurrency lending and savings company, has temporarily suspended fund withdrawals, citing increased market volatility. 

Delio, a South Korea-based digital assets lending platform offering users high returns on their crypto holdings, has suspended fund withdrawals, citing increased market volatility.

Established in 2018, Delio offers its users up to a 10.7% annual percentage ratio (APR) on their bitcoin (BTC), ether (ETH), and USDT holdings.  

According to a statement by the company, its decision to suspend deposits and withdrawals is aimed at protecting its customers, who are now confused due to the sharp drop in the price of bitcoin and other cryptocurrencies.

“We are very sorry for causing concern to our valued customers and investors due to the unavoidable temporary suspension of withdrawals. Delio will do our best to protect the assets of our customers while quickly grasping the facts and aftermath related to this situation.”

Delio 

The bitcoin price has declined significantly since hitting an all-time high (ATH) of $69,000 in 2021. The flagship cryptocurrency is down by over 5% this week, with the price of most altcoins also experiencing massive corrections.

The prolonged bear market has made it inevitable for centralized crypto businesses without strong capital controls and reserves to either go bankrupt or halt fund withdrawals.

So far, countless bitcoin lending platforms have kicked the bucket, with just a handful of these companies sustaining normal operations.

In a bear market that has seen heavyweights like Celsius, Voyager, BlockFi, Vauld, and a host of others bite the dust, Nexo, which reached a $22.5 million settlement with the United States Securities and Exchange Commission (SEC) last Jan., is one of the very few digital asset lenders that have not paused fund withdrawal services during these dark times.