Case summary
What happened
Delio operated centralized crypto deposit, yield, lending, and staking products. It halted withdrawals on 14 June 2023 after Haru Invest suspended services and market and counterparty stress spread through the Korean yield sector. Korean regulators later imposed business-suspension and monetary sanctions. The Seoul Rehabilitation Court rejected rehabilitation applications in April 2024 after finding continued operations and going-concern value too uncertain. On 22 November 2024, the court declared Delio bankrupt, moving the case into liquidation and creditor-claim administration.
Customer result
Customer outcome
Claims ongoing
The bankruptcy process required creditor claims and moved Delio into liquidation. Public reporting identified a claim-filing deadline of 21 February 2025 and a first creditor meeting scheduled for March 2025, but no reliable public record reviewed for this batch establishes a completed distribution or one universal recovery percentage.
- Estimated recovery
- Unknown; dependent on the Korean bankruptcy estate, asset realization, counterparty recoveries, and claim adjudication.
- Repayment started
- —
- Repayment completed
- —
- Confidence
- Medium
Asset treatment
Terms risk
Unclear
Keep the platform-level classification unclear until bankruptcy records or product-specific terms establish whether particular customer assets are held in trust, treated as property claims, or subject to another legal classification.
- Affected product
- Delio crypto savings, lending, and staking products
- Confidence
- Medium
Delio marketed centralized deposit, savings, lending, and staking products under platform custody or administration. Public sources reviewed for this batch do not establish one ownership classification that safely applies to every product, token, and bankruptcy claim.
Known unknowns
Uncertainty
The February 2018 date reflects the approximate company-establishment period rather than a verified first day of every customer product. Delio discussed phased or limited withdrawal resumptions after the initial halt, but those announcements did not restore normal platform-wide liquidity. Customer ownership treatment, realizable assets, counterparty recoveries, and final distribution rates remain subject to the Korean bankruptcy process.
Chronology
Historical record
Delio is established in South Korea
Delio was established as a South Korean digital-asset financial-services company and later developed centralized savings, lending, staking, and asset-management products.
The month is supported by company-profile material; the first day is an approximate sortable date rather than a verified incorporation day.
Delio launches expanded crypto-bank service
Delio announced a crypto-bank service combining crypto deposit, withdrawal, lending, asset-transaction, and yield-oriented account features after obtaining Korean VASP registration for its business model.
Delio had offered lending and savings products before this launch; this event records the expanded crypto-bank branding rather than the first Delio product.
Delio suspends customer withdrawals
Delio halted customer withdrawals at 18:30 Korea time after Haru Invest suspended deposits and withdrawals and stress spread through the local crypto-yield market.
Later statements discussed phased or product-limited resumptions, but normal platform-wide withdrawals were not shown to have been fully restored.
Korean FIU imposes business suspension and fine
The Korea Financial Intelligence Unit imposed a three-month business suspension and a fine of approximately KRW 1.896 billion for violations of Korean virtual-asset-business compliance obligations.
The decision was made on 31 August 2023 and publicly reported on 1 September 2023.
Court rejects Delio rehabilitation application
The Seoul Rehabilitation Court dismissed Delio's rehabilitation application, citing the prolonged inability to conduct business, uncertainty around any restart, and doubts that going-concern value exceeded liquidation value.
The dismissal moved the creditor case away from rehabilitation but preceded the later bankruptcy declaration.
Seoul Bankruptcy Court declares Delio bankrupt
The Seoul Bankruptcy Court declared Delio bankrupt after finding grounds of payment inability based on the withdrawal halt, operating shutdown, and creditor situation, initiating liquidation and claim administration.
The event date is the court declaration date. It is not a final valuation or recovery date for every customer claim.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Event
12 sourcesDelio launches Korea's first crypto-bank service
Delio · 2022-07-07
First-party announcement for the expanded crypto-bank service and product positioning.
Delio unveils South Korea's first crypto bank
Finextra
Contemporaneous industry coverage of the expanded deposit, lending, and asset-service launch.
South Korean Bitcoin lending platform Delio pauses withdrawals
Cointelegraph · 2023-06-14
Quotes Delio's withdrawal-suspension notice and records the effective time.
Delio follows Haru in pausing withdrawals on high-yield crypto platform
Bloomberg · 2023-06-14
Independent financial-news coverage of the withdrawal halt and Haru-related market stress.
Consecutive withdrawal suspensions in virtual-asset deposit services
The Asia Business Daily · 2023-06-14
Korean reporting quoting Delio's announcement and the 18:30 Korea-time start of the suspension.
FIU suspends Delio operations and imposes a KRW 1.9 billion fine
The Asia Business Daily · 2023-09-01
Reports the FIU sanction decision, duration, monetary amount, and compliance findings.
FIU imposes three-month suspension and fine on Delio
Yonhap News Agency · 2023-09-01
Independent Korean wire-service confirmation of the FIU sanctions.
Court rejects rehabilitation applications of Delio and Haru Invest
The Asia Business Daily · 2024-04-04
Reports the Seoul Rehabilitation Court's dismissal and stated reasoning on business continuity and liquidation value.
Court dismisses rehabilitation applications involving Delio
The Korea Economic Daily · 2024-04-04
Additional Korean reporting confirming dismissal of the rehabilitation path.
Delio declared bankrupt after withdrawal suspension
The Asia Business Daily · 2024-11-22
English-language Korean report quoting the Seoul Bankruptcy Court's payment-inability finding.
Delio declared bankrupt over suspended virtual-asset withdrawals
Yonhap News Agency · 2024-11-22
Korean wire-service confirmation of the bankruptcy declaration.
Delio bankruptcy follows virtual-asset withdrawal suspension
YTN · 2024-11-22
Additional Korean coverage of the court declaration and liquidation path.
launch date
1 sourcesDelio company profile
THE VC
Company-profile source supporting establishment in February 2018; the exact day remains approximate.
url history
1 sourcesDelio website archive captures
Internet Archive
Archived customer-facing pages preserve Delio branding, products, and historical service descriptions.
No evidence records match the current filters.
Comparative records