A cryptocurrency platform based in South Korea has gone into bankruptcy as declared by a local court after its customers can no longer withdraw their virtual funds worth $1.75 billion. The unfortunate circumstances faced by Delio serve as a reminder that digital assets might offer tremendous growth, but they are also inherently volatile and high-risk investments. Court’s Declaration The Seoul Rehabilitation Court stated the cryptocurrency platform Delio has gone out of business, pointing out that as of Friday, the court declared the digital asset firm bankrupt. Since mid-last year, the…
