Key Points:

• On June 17, Delio made the official announcement that it would hold a press conference to inform investors about the withdrawal stop.
• The purpose of the press conference was to apologise to investors and explain the current issues facing the business.
• Following Haru Invest’s suspension of withdrawals on June 14, the company announced the suspension of withdrawals due to increased market volatility.

Delio, a South Korean crypto-finance company, has stated on its official website that it will hold an investor briefing in Seoul on June 17 in the morning.
According to Delio, the investor briefing was held to apologise for the current circumstance, explain the FUD, and find a solution to the problems. Additionally, the Korean cryptocurrency company will present investors with a status report and talk about a possible strategy for maximizing return on investment.

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“The purpose of this investor briefing is to apologize for the situation and explain the FUD, but it is more important to resolve the situation and recover the client’s investment, including operations. Delio’s normal. Therefore, we would also like to report the situation to date to investors and discuss practical return on investment plans that are fit for purpose.”

The company says that the meeting can only be attended by customers who use its services. Prior to the session starting, all attendees will need to sign a statement promising that there will be no physical or verbal violence.

In advance of the news on June 14, Delio made an announcement regarding the suspension of withdrawals, stating that this was due to increased market volatility following the suspension of withdrawals by Haru Invest.

Delio is committed to providing the most up-to-date information on the situation as well as potential solutions in order to safeguard the interests of its customers. South Korean Bitcoin users are said to be managed by the crypto lending company for nearly $1 billion.

This is as a result of Haru Invest’s announcement on June 13 that users would be unable to deposit or withdraw funds due to issues with their partners. However, the company had previously stated that, due to concerns about its inability to control the news, it could not provide any additional specific information about its partners. However, a day later, the business made yet another announcement stating: that the owner of B&S Holdings, formerly known as Aventus, provided management reports with false information, which led to the company’s and its users’ misperceptions.