Bankruptcy Administrator: The South Korean crypto lending platform Delio has accumulated a debt of approximately 258.7 million US dollars

According to Digital Asset, the South Korean crypto lending platform Delio has accumulated a debt of 378.7 billion won (approximately $258.7 million) owed to creditors. The bankruptcy administrator, Jung Dong-hyun from Hyunwoo Law Firm, reported at the first creditors' meeting that as of March 12th, 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 amount in Korean Won is based on the exchange rate on November 22nd, 2024 when bankruptcy was declared.