ChainCatcher news, the virtual asset custody platform Haru Invest was officially declared bankrupt by the Seoul restructuring court in South Korea on November 20.The operating company of Haru Invest, Haru Management Limited, was previously filed for bankruptcy due to its inability to pay debts. The court stated that although the company is registered in the British Virgin Islands, it has an office and operates in South Korea, giving the Korean court jurisdiction over the case.The court plans to hold the first creditors' meeting on February 11, 2025, to liquidate and distribute the company's assets through the bankruptcy administrator. It is reported that Haru Invest attracted investors by making false promises to guarantee principal and high returns since 2020, and suddenly stopped withdrawals in June last year, causing over 16,000 investors to suffer losses.It is reported that from March 2020 to June last year, Haru Invest deceived investors by falsely promising to guarantee principal and pay high returns, suddenly stopping withdrawals and absconding with approximately 14 trillion won worth of cryptocurrency.

ChainCatcher news, Hugo Le, the CEO of the South Korean digital asset management platform Haru Invest, was stabbed while appearing in court for a fraud trial at the Southern District Court of Seoul. Hugo Le's injuries are not life-threatening, and he has been sent to the hospital for treatment. The attacker has been apprehended by the police.Earlier, in February of this year, three executives from Haru Invest were arrested on suspicion of embezzling approximately 1.1 trillion won (about 828 million USD) in cryptocurrency. It is reported that the company suspended withdrawal and deposit services last June and laid off about 100 employees.

According to Digital Asset, South Korean prosecutors have successfully seized virtual assets worth approximately 50 billion won (about 36 million USD) from the digital asset management platform Haru Invest in a fraud trial at the Southern District Court of Seoul.Previously, Haru Invest revealed in court that its client cryptocurrency custodian B&S suffered losses of up to 400 billion won due to the FTX collapse in November 2022. In June last year, executives from Haru Invest were charged with defrauding investors of over 1.4 trillion won (about 1 billion USD) in cryptocurrency. The company's CEO, Hugo Lee, was arrested in February this year.

ChainCatcher news, according to The Block, South Korean prosecutors announced on Monday that they have arrested and detained three executives of the cryptocurrency yield platform Haru Invest, including two co-CEOs of the company. An official from the Seoul Southern District Prosecutor's Office revealed that the Seoul prosecutors accused the three of stealing approximately 1.1 trillion won (about 826 million USD) in cryptocurrency from around 16,000 users.Haru is also suspected of investing most of the customer deposits through a single individual while falsely advertising that the deposits were managed through "risk-free distributed investment technology." Haru Invest offers users of its Earn Plus product yields of up to 12%.

ChainCatcher news, according to The Block, South Korean prosecutors have issued an arrest warrant for Bang, a key figure in the investigation into the suspension of withdrawals by Delio and Haru Invest. Bang is reportedly a major shareholder of B&S Holdings.It is reported that Delio suspended user withdrawals on June 14, 2023, due to Haru Invest, which it partnered with, suddenly halting deposits and withdrawals. Haru filed a criminal complaint against B&S Holdings, accusing it of deceiving the company by providing false management reports. Bang faces arrest on charges of fraud and breach of contract. After complaints from Delio and Haru's clients, prosecutors prevented related personnel from leaving the country. The Seoul Southern District Court has not yet commented.

ChainCatcher news, according to Digital Asset, regarding the lawsuit against the South Korean virtual asset management company "Chain Suspension of Withdrawals," the country's prosecutors have banned key executives of B&S Holdings, Delio, and Haru Invest from leaving the country, including B&S Holdings major shareholder bang certain, Delio CEO Chung Sang-ho and other executives of the company, as well as executives of Haru Invest. It is reported that Delio is also under investigation by the country's financial authorities for suspected violations of trust and embezzlement.Previous news, Haru Invest suspended deposit and withdrawal requests after issues with B&S Holdings, stating that B&S Holdings provided management reports containing false information, and subsequently, Delio announced the suspension of withdrawals citing the impact of Haru Invest. (Source link)

ChainCatcher news, reported by Digital Asset, states that B&S Holdings, the delegated operator in collaboration with Haru Invest, had sales of 0 Korean Won in 2021 and 2022.In addition, the expenses for sales and management incurred by B&S Holdings in 2021 and 2022 were 1.14234 million Korean Won (approximately 891 USD) and 162.96 million Korean Won (127,000 USD), respectively, resulting in losses of approximately 1.14 million Korean Won and approximately 181.04 million Korean Won. In 2022, B&S Holdings' capital was approximately -143.12 million Korean Won, indicating a complete capital loss. (source link)

According to ChainCatcher news, South Korean media Hankyung reported that regarding the statement from South Korean crypto financial company Delio about being informed by regulatory authorities that Haru Invest will file for bankruptcy, the Financial Information Analysis Institute (FIU) of the South Korean Financial Services Commission responded, "We have not heard that Haru Invest is about to file for bankruptcy. Since Haru Invest is an unreported operating company, we have not had any contact with them. The related disputes seem to be an issue that should be handled by the investigative authorities for criminal penalties." (source link)

ChainCatcher news, according to Asiae, South Korean cryptocurrency asset management company Haru Invest and cryptocurrency investment platform Delio are facing a class action lawsuit initiated by investors through LKB Law Firm due to the suspension of withdrawals. About 410 investors from Haru Invest and 120 investors from Delio have gathered in a KakaoTalk group, preparing to advance the legal proceedings.Previous reports indicated that after Haru Invest suddenly suspended deposit and withdrawal services, Delio also followed suit by halting withdrawals. Delio stated that this action was due to increased market volatility following Haru Invest's suspension of deposits and withdrawals, and emphasized that it does not rely on external platforms to manage assets and is not involved in embezzlement or misappropriation of funds. It has been reported that South Korea's financial intelligence agency is cooperating with law enforcement to investigate Delio. (Source link)

ChainCatcher news, according to Digital Asset, after the official announcement of the suspension of deposits and withdrawals, the cryptocurrency asset management platform [Haru Invest](https://www.rootdata.com/zh/Projects/detail/Haru Invest?k=NDEwNg==) allegedly immediately closed its offline office.It is reported that the office address of Haru Invest's parent company Block Crafters is located on the 17th floor of Daeryung Gangnam Tower, Yeoksam-dong, Gangnam-gu, Seoul, while Haru Invest is on the 18th floor. A cleaning staff member at the local office building stated, "In the morning, someone from Block Crafters returned the company keys and hurriedly left." He also explained, "Until this morning, the company had not stopped operations and was still functioning normally."Haru Invest has also deleted announcements and blogs from platforms such as Medium, LinkedIn, and Instagram, while its Twitter account has not yet been deactivated. In response, Haru Invest co-founder and former CTO jooddang.eth stated that the closure of Haru Invest's social media accounts might be in response to guidance from a law firm, and he does not believe Haru Invest will run away. jooddang.eth mentioned that this is his personal opinion, but he has been away from the company for almost a year. (Source link)

ChainCatcher news, the crypto asset management platform [Haru Invest](https://www.rootdata.com/zh/Projects/detail/Haru Invest?k=NDEwNg==) announced that one of its partners has encountered some issues and is currently investigating and seeking solutions. To protect user assets, the platform has decided to suspend all deposit and withdrawal requests starting from June 13 at 8:40 (UTC+8) until further notice. (Source link)

ChainCatcher news, the digital asset management platform [Haru Invest](https://www.rootdata.com/zh/Projects/detail/Haru Invest?k=NDEwNg==) announced that its subsidiary Haru EU Limited UAB, registered in the European Union, has become its EU operational headquarters. As a VASP authorized enterprise, Haru Invest can now provide cryptocurrency exchange and wallet/custody services.It is reported that this VASP authorization officially allows the company to directly support the euro currency, enabling EU countries to purchase and trade between cryptocurrencies and euros. (Source link)