Speculation has risen after the crypto lending platform Delio, one of South Korea's largest crypto companies, suspended shootings.
Delio attributed the decision to stop withdrawals to the high volatility experienced after Haru Invest suspended withdrawals. While there was no clear statement about when the shootings would start in the statement, an ambiguous expression was used as until the problems were resolved.
South Korean stock markets to stop shooting successively, "Is bankruptcies like 3AC and Celsius starting again?" While causing questions such as, the amount of Bitcoin and altcoins in these exchanges caused some investors to be nervous.
Ki Young Ju, CEO of on-chain data analytics company CryptoQuant, in response to a similarly concerned investor, accused Delio of being a scammer and said they don't own as many Bitcoin altcoins as they claim.
Ju said that Delio is affiliated with Bithump, "if they are holding client assets jointly, this could be a new case of FTX."
“Delio, known as the Celsius of South Korea, does not have 41,000 Bitcoins.
Their claims that they had 4.5 million users when they were released in 2019 are also false. This is most likely the number from their parent company, Bithump.
This is ridiculous. Do not trust these scammers.
Show us any on-chain proof if the number of BTC you hold is correct.
Otherwise it's a lie and you have your client assets mixed up with assets on Bitump.
If you sell Bitcoin to Delio, you can earn 10% return. This is disgusting."
One of his followers asked, "If this is a Bithump company, what does that say about their solvency?" Answering the question, Ju said:
"I'm not sure if it's just Delio's lie or if it's Bithump's shuffling of client assets. If it's the latter, that's another FTX case."
