Haru Invest’s CEO Reveals Roadmap for Asset Recovery Despite Bankruptcy

South Korean crypto platform Haru Invest faces bankruptcy amid partner fraud suspicions, pledges fair asset return for global users.
Haru Invest's CEO Reveals Roadmap for Asset Recovery Despite Bankruptcy
Haru Invest’s CEO Reveals Roadmap for Asset Recovery Despite Bankruptcy

Following its recent bankruptcy, a South Korean cryptocurrency investment company made an official announcement pledging its steadfast commitment to repaying consumers’ assets.

Hugo Lee, the business’s CEO, has said clearly that the company is working toward gradually reimbursing the impacted users’ assets. Despite this, “the asset distribution schedule is impossible at this time” as a result of ongoing legal actions, court processes, and collaboration with investigating agencies.

Hugo Lee, the CEO of Haru Invest, stated, “As legal processes, such as rehabilitation and cooperation with investigative agencies, are still in progress, we are essentially unable to disperse the funds on our own.

Given that around 60% of Haru Invest’s users are foreigners, Lee has assured investors that the asset return procedure will be carried out equitably without giving South Korean creditors the advantage over overseas creditors.

Prior to its demise, the platform had amassed a sizable user base and processed transactions worth $2.27 billion, but it is now just barely functional and the website login has been disabled.

In June, Delio, a different cryptocurrency lender, too ceased accepting deposits and withdrawals. The process of returning assets to users is ongoing, but because of the complexity of the legal issues, it is uncertain when this will happen.After declaring bankruptcy recently, a South Korean cryptocurrency investing platform affirmed its steadfast commitment to repaying consumers’ assets.

Hugo Lee, the business’s CEO, has said clearly that the company is working toward gradually reimbursing the impacted users’ assets. Despite this, “the asset distribution schedule is impossible at this time” as a result of ongoing legal actions, court processes, and collaboration with investigating agencies.

More From The Kangaroo Times

Total
0
Shares
Related Posts
Total
0
Share