Haru Invest Platform Suspended Withdrawals


South Korean crypto asset management platform Haru Invest has suspended withdrawals and deposits, citing problems with service partners.

“Now we are further investigating the issue with them and developing a contingency plan to remedy the situation,” the statement said.

Representatives of the platform did not name a partner who influenced its activities.

According to local media reports, the Haru Invest office in Seoul is closed. The head of the company, Lee Hyun-soo, explained this by concern for the safety of employees. According to him, the work was transferred to a remote format.

Co-founder and former CTO of the platform Eunkwang Joo [Eunkwang Joo] admitted that what had happened was an “internal situation”.

“I assume that the closure of the social network account [LinkedIn] complied with the guidelines of the legal entity at the legal level. […] I think we will have to wait for the official position of the company,” he wrote.

In February 2023, Haru Invest led a $9.2 million Series A funding round for Canadian miner Pow.re. His valuation reached $150 million.

Recall that in the fall of 2022, the Freeway staking platform froze the ability to withdraw blocked funds by clients and removed the mention of team members on the website.

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!


Leave a Reply