South Korean Crypto Monetary Agency Derio Undergoes Regulatory Investigation

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In response to native information outlet Digital Asset, South Korean cryptocurrency lender Derio below investigation FSC alleges fraud, embezzlement and breach of belief in reference to Delio’s unilateral choice to droop consumer deposits and withdrawals on June 14.

At a unprecedented investor assembly on June 17, Derio CEO Jung Sang-ho mentioned the withdrawals would resume, though there is no such thing as a set schedule at the moment. On June 27, the corporate started accepting withdrawals for a few of its staking companies.

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