On June 13, the South Korean performance platform Haru Invest advertisement which would suspend deposits and withdrawals of funds with immediate effect. “First of all, the company sincerely apologizes that its latest announcement has caused concern to our valued investors and customers,” Haru said, claiming that “certain information provided by a consignment operator was suspected of being false” during an “internal inspection process”, which led to the stoppage of transfers.
“After careful investigation, we came to the conclusion that an immediate suspension of trading was necessary to protect our investors. We are currently conducting an investigative process against the trader in question and plan to take the necessary action.”
Haru Invest also states that it is not a “rug pull” and that it is working hard to “protect its investors”. Early in the day, the company stated that he had encountered an issue with one of the service partners he has worked with and has been looking into the matter while looking for a contingency plan. Immediately afterwards, local South Korean media claimed that Haru’s employees were working from home and that the offices had closed. Specifically, Mail Business alleged:
“Investors have not received their deposits and are angry. As an undeclared trader, there is no way to get help from the financial authorities.”
In response, the promoters commented: “We regret that several press articles on this subject contained information that [es] factually inaccurate.”
According to its website, Haru Invest boasts over 80,000 members, 9.8 million cryptocurrency payments, and $2.27 billion in total transactions. The company’s goal is to earn a 12% annual return on most of its Earn products. In September, he raised $4 million at a valuation of $284 million.
Important update from Haru Invest. pic.twitter.com/E8mB6PeDQW
— Haru Invest (@haruinvest) June 13, 2023
Haru Invest Major Update
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