Bankruptcy administrator: South Korean crypto lending platform Delio has owed about $258.7 million in debt
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2025-03-21 15:01 5,296
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According to Digital Asset, South Korea's crypto lending platform Delio has owed creditors a total of 378.7 billion won (approximately US$258.7 million) in debt. 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 Korean won amount is based on the exchange rate on November 22, 2024 on the date of bankruptcy.