Haru Invest Temporarily Suspends Deposits and User Withdrawals Amid Investigation
Haru Invest, a South Korean interest-bearing crypto platform, announced on June 13 that it has temporarily halted deposits and user withdrawals. The company is taking this opportunity to inform its investors about the measures taken to suspend these services.
Expressing sincere apologies to its valued investors and customers, Haru Invest acknowledges the concerns caused by this announcement and reassures them of its commitment to transparency throughout the process. The company aims to thoroughly investigate the issue and provide regular updates to its stakeholders.
The decision to suspend transactions came about after an internal inspection revealed potential inaccuracies in the information provided by a consignment operator. A careful investigation led Haru Invest to conclude that an immediate halt in transactions was necessary to safeguard the interests of its investors. The company is actively involved in fact-finding procedures related to the suspected operator and intends to implement appropriate measures accordingly.
Haru Invest also takes the opportunity to address certain inaccuracies in media articles pertaining to the issue. The company denies claims of a “Rug Pull” mentioned in some reports and emphasizes its unwavering dedication to protecting investors. The matter is currently under thorough examination, and Haru Invest remains focused on resolving it promptly. Further updates will be provided as soon as they become available.
The company deeply regrets any concerns and inconveniences caused to its valued customers and investors due to this situation. Haru Invest acknowledges the importance of maintaining trust and strives to rectify the matter swiftly.
It is worth noting that several other crypto platforms offering lending or interest-bearing features suspended user withdrawals since the summer of 2022. Companies such as Celsius, Voyager Digital, Babel Finance, CoinFlex, and BlockFi were among those that temporarily halted withdrawals during that period. Unfortunately, many of these companies subsequently filed for bankruptcy.
Haru Invest has not disclosed the specific reasons behind the suspension of its services. The company currently reports having less than $1 billion in assets under management. As the investigation progresses, it is expected that further information regarding the situation will be made available to investors and customers.
Haru Invest assures its stakeholders that it is taking this matter seriously and will make every effort to address the concerns and protect the interests of its investors. The company remains committed to providing updates and ensuring transparency throughout the process.
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