Haru Invest Executives Arrested
In South Korea, authorities have detained the CEO of Haru Invest along with two other executives of the cryptocurrency platform. They face accusations of illicitly misappropriating 1.1 trillion won ($830 million) in cryptocurrency from 16,000 clients.
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In South Korea, authorities have detained the CEO of Haru Invest along with two other executives of the cryptocurrency platform. They face accusations of illicitly misappropriating 1.1 trillion won ($830 million) in cryptocurrency from 16,000 clients.
The prosecution claims that from March 2020 to June 2023, these leaders falsely reinvested user deposits, alleging the use of risk-free diversified investment strategies. The withdrawals were abruptly suspended by the company in June 2023.
This incident occurred just a day after the company announced that there was no information about any ongoing investigation or the general situation following the arrest of Bang Jun-ho, the principal shareholder of B&S Holdings. The announcement also highlighted continuous efforts to return the assets.
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