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South Korea's Delio Files for Bankruptcy Amid Massive Asset Losses

South Korea's Delio Files for Bankruptcy Amid Massive Asset Losses

The South Korean company Delio has officially declared bankruptcy, with reports indicating a staggering $1.75 billion in assets lost, primarily attributed to the turmoil surrounding the FTX collapse. A creditors' meeting is scheduled for March, as affected parties grapple with the aftermath and seek to understand the fate of their investments, which have seemingly vanished in the financial chaos.