Haru Invest: Assets recovered from the asset management company will be prioritized for distribution to members, and the timing of asset distribution will depend on the investigation results

ChainCatcher news, Haru Invest CEO Hugo Lee sent a letter to Haru Invest members, stating that the application for corporate bankruptcy reorganization does not represent the interests of all members. His responsibility is to recover member assets from the asset management company as much as possible and to distribute them fairly among all Haru Invest members. During the court inquiry, Lee explained the facts regarding the entities with substantial contractual relationships with Haru members and the entities that own the assets. Specifically, the company involved in the recovery case is not the entity that actually operates the Haru Invest services; therefore, they do not have any actual interest in the recovery due to the lack of any remaining value, including assets.

Regarding the asset distribution plan, Lee stated that, in addition to the assets recovered from B&S Holdings, there are plans to prioritize the distribution of assets recovered from other asset management companies to members. However, due to the ongoing investigation into B&S Holdings and Haru Invest, it is difficult to arbitrarily determine the asset distribution timeline. In response to questions about recovering assets entrusted to B&S Holdings, Lee stated that the current situation does not allow for arbitrary determination of the possibility of recovery. He believes that the most important thing now is to cooperate with the investigative agencies to recover as many assets as possible from B&S Holdings. He considers preventing B&S Holdings from engaging in other activities and ensuring their active cooperation with the investigation as a top priority. Additionally, the asset distribution timeline will be determined based on the investigation results and other factors.