Two Crypto Platforms Halt Withdrawals in an Echo of the Sector’s 2022 Woes
- Delio, Haru Invest have suspended investor withdrawals
- Digital-asset sector endured similar trouble in 2022 rout
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Two crypto lenders with links to South Korea halted withdrawals in quick succession, a reminder of lingering risks even after regulators around the world tightened oversight of the industry.
Token prices appeared to shrug off the statements from Delio and Haru Invest, underlining the relatively small corner of the crypto lending market affected by the trouble at the two companies. Still, the freezes highlight the dearth of investor protections that persist among digital-asset lenders, almost a year after a wave of failures took down firms from Celsius Network to Vauld.