Arrest warrant issued in Delio-Haru case; withdrawals suspended.

Ritu13

South Korean prosecutors have issued an arrest warrant for Bang, a key figure in the investigation into the suspension of withdrawals by local cryptocurrency lending company Delio and investment firm Haru Invest. Bang holds a significant portion of B&S Holdings, and Haru Invest claims that it is the root cause of the continuous suspension of services. Due to local media privacy regulations, Bang's full name has not been disclosed. On June 14, 2023, Delio claimed to have processed over $1 billion worth of cryptocurrencies in its lending services and subsequently suspended user withdrawals. Delio attributed this suspension to the sudden halt in deposit and withdrawal services by Haru Invest, a cryptocurrency investment management company collaborating with Delio. On the same day, Haru filed a criminal complaint against consignment operator B&S Holdings, accusing it of deceiving the company by providing false management reports. According to a previous report by Digital Asset, Haru alleges that B&S lost funds worth 350 billion Korean won (approximately $262 million) in the collapsed FTX exchange.

Yamini003

There is indeed a significant amount of loss.

Shri333

The arrest warrant is also necessary.

Kabir903

South Korea is currently taking a lot of actions.

Kalkin995

Arrest warrant issued in Delio-Haru case; withdrawals suspended.