Delio CEO Assault: Investor Fined After 11 Billion KRW Loss

02 April, 2025, 06:30 AM

An investor, identified as Mr. A, has been fined 1.5 million KRW for allegedly assaulting Delio CEO Jung Sang-ho. Mr. A reportedly suffered losses of approximately 11.4 billion KRW due to Delio's deposit and withdrawal suspension in 2023. According to Digital Asset, Mr. A, the largest creditor, entrusted 87 BTC (valued around 10.9 billion KRW) and 190 ETH (valued around 500 million KRW) to Delio. Driven to desperation by the suspension, he allegedly trespassed at the CEO's home and committed the assault. The fine is not yet finalized, pending the court's final decision. The case highlights the extreme distress experienced by investors affected by the Delio crisis. This situation underscores the risks associated with cryptocurrency investments and the potential consequences for those managing digital asset platforms. The Delio incident continues to be a significant point of concern within the Korean crypto community. ```