Bankruptcy trustee: South Korean cryptocurrency lending platform Delio has accumulated debts of approximately $258.7 million

According to Digital Asset, South Korean cryptocurrency lending platform Delio has accumulated a debt of 378.7 billion Korean won (approximately 258.7 million US dollars) owed to creditors. Jung Dong hyun, the bankruptcy administrator from Hyun woo Law Firm, reported at the first creditors' meeting that as of March 12th, registered bankruptcy claims included 15.62 billion Korean won in cash claims (48 cases) and 363.04 billion Korean won in virtual asset return claims (1162 cases), totaling 378.66 billion Korean won. The calculation of the Korean won amount is based on the exchange rate on November 22, 2024, the date of bankruptcy declaration.