Haru Invest: Due to the uncertainty regarding the recoverable asset scale of B&S, the plan is to use internal company assets for compensation

ChainCatcher message, Haru Invest stated that it is currently difficult to recover assets held by B&S Holdings due to the uncertainty regarding the specific scale of recoverable assets. Therefore, it is considering using internal company assets for compensation in case the recovery of assets held by B&S takes longer. To this end, Haru Invest is organizing a creditor-debtor database and reviewing asset allocation plans. Meanwhile, Haru Invest indicated that a compensation plan needs to be developed for each product.

Currently, after suspending deposit and withdrawal services, the team has halted all operations, restricted access to company assets and accounts, and terminated all employee contracts to prevent damage and loss related to assets and data held by B&S, while minimizing operational costs to protect customer assets.

Additionally, since the amount of customer assets is determined based on a specific point in time in the database after the suspension of deposits and withdrawals last month, if there are system errors or additional transactions, such as earning profits, the team will inform users in advance that these profits may not be included in the customer asset database in the future. (source link)