Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
South Korean crypto lending platform Delio has had its assets seized by the country’s financial regulator, the FSC, and may not be able to deliver normal services to clients. A legal battle with depositors and an ongoing search and seizure have made it challenging for the platform to operate as usual. Delio has suspended interest payments and suspended additional services, following FSC’s lawsuit alleging fraud, embezzlement, and breach of trust after the platform suspended user deposits and withdrawals in mid-June.
