Delio, a South Korean cryptocurrency deposit platform, has declared bankruptcy, resulting in the loss of $1.75 billion in customer assets. The company, which had approximately 2,800 customers, revealed that its assets were primarily held in an account with FTX, leading to the complete loss of these funds. The fallout from FTX's collapse continues to impact the crypto industry, with Delio's bankruptcy being a significant example of the ongoing repercussions. Meanwhile, FTX has announced plans to begin repaying up to $16.5 billion to customers and creditors in early 2025, following a court-approved reorganization plan. This repayment process is expected to start in December 2024, with some creditors potentially receiving returns of up to 140% on their claims, marking a notable turnaround for a bankruptcy of this magnitude.