South Korean virtual asset management and lending platform Delio is making plans to set up a new company that will take on all its debt. The company also plans to sell its current businesses, including a Virtual Asset Service Provider, and use the money it gets from the sales to pay off its debts. Delio is currently on trial for allegedly taking 250 billion Korean won without permission and suddenly stopping people from putting in and taking out money without warning them first. People in the industry are doubting Delio's plans and think that the company is just trying to get a lighter punishment in court.

Delio's plan is to make a new company that will be responsible for all its debt and liabilities. This way, Delio can sell its businesses without having to worry about its debts. The money from the sales will go to the new company, which will then use it to pay off Delio's debts. Delio says that this plan is possible and that they expect to sell their businesses by July 2024. However, people in the industry are still not sure if this plan will work.

Delio is in a lot of trouble because it suddenly stopped people from putting in and taking out money without warning them. This caused a lot of financial problems for the people who invested in the company. The company's CEO, Jung Sang-ho, is also in trouble for allegedly taking a lot of money from investors. Jung is facing trial and could get in even more trouble if he is found guilty.

Industry experts are not sure if Delio's plan will work because it is very complicated. They also think that Delio might be trying to get out of paying all its debts. Delio's plan could also be a way for the company to avoid getting in trouble for its actions. The trial is still ongoing, and it is not clear what will happen to Delio and its CEO.

Delio's situation is a reminder that the virtual asset industry is still very risky. Many people have lost a lot of money by investing in companies that turned out to be scams. The government is trying to regulate the industry more closely to prevent this from happening again. However, it is still important for people to be careful when investing in virtual assets and to do their research before putting in any money.