From Haru Invest to Delio... Consecutive Withdrawal Suspensions in Virtual Asset Deposit Services
Haroo Invest and Delio, which provided virtual asset deposit services, announced on the 14th that they would suspend customer withdrawals.
Delio stated on the same day, "Due to the recent digital asset deposit and withdrawal issues at Haroo Invest, market volatility has sharply increased, causing confusion among investors," and "Starting from 6:30 PM today, a temporary withdrawal suspension will be implemented until the situation is resolved."
On related communities, posts raising various suspicions such as Delio's internal accounting deficiencies and unpaid loans have also appeared. Haroo Invest is a centralized finance (CeFi) platform that attracted attention by offering up to 12% annual interest for depositing virtual asset Bitcoin. However, it temporarily suspended deposit and withdrawal services at 9:40 AM the previous day.
With the suspension of deposits and withdrawals at Haroo Invest increasing anxiety among virtual asset investors, the possibility of damage spreading is being raised as Delio, a company registered as a Virtual Asset Service Provider (VASP) with financial authorities, also halted withdrawals. It is known that the financial authorities have not yet conducted on-site inspections of wallet operators and plan to take necessary measures in cooperation with investigative authorities if illegal activities are found.
Earlier, Gopax, one of the top five Korean won market exchanges, also faced a de facto liquidation crisis by suspending withdrawals of its own deposit service product 'Gopai' due to the impact of the suspension of services by the U.S. virtual currency lending company Genesis Trading last year.
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Although Binance, the world's largest cryptocurrency exchange, secured management rights through acquiring shares of Gopax, investors have not yet been able to retrieve their deposited virtual assets as the financial authorities have not accepted the VASP change report.
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