Haru Invest announced that it will attend the court hearing related to the bankruptcy proceedings on August 17

ChainCatcher news, according to News 1, the South Korean digital asset management platform Haru Invest announced that it will attend a court hearing related to bankruptcy proceedings scheduled for August 17.

Haru Invest CEO Hugo Lee previously did not attend the hearings on July 5 and 18, prompting the court to postpone the hearing date to the 17th of this month. After victims criticized the series of absences, Hugo Lee appointed the law firm Apro as the company's defense attorney on the 31st of last month, and this attendance notice is interpreted as a decision made after selecting legal representation.

The court is expected to ask Haru Invest about the scale and list of creditors, the amount of damages, and other related questions during the hearing. At a bankruptcy proceedings hearing regarding Delio held on the 20th of last month, the court also posed similar questions, but Delio's representatives did not directly answer them. So far, Haru Invest has claimed that they had to stop users from withdrawing funds because they could not recover the money entrusted to the virtual asset trading company B&S Holdings.