Haru Invest Reports Internal Crisis: Suspends Activities Today

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Haru Invest Reports Internal Crisis: Suspends Activities Today
  • Haru Invest officially closed the company to counter a recently identified internal issue.
  • The company wrote in a blog post that it is suspending its services including deposits and withdrawals.
  • The office was closed today morning though it had been functioning normally till yesterday.

Haru Invest, a digital asset management platform, has reportedly declared the closure of the company, following the suspension of withdrawals and deposits. According to a source, the company has been shut down abruptly in the morning, despite its normal operation till the previous day.

A researcher, Sanghyuk Park, reported that when he visited Haru Invest today, a cleaning agent of the building informed him that the company officials returned the company keys and “left in a hurry.” The cleaner added that the company had been working as usual till last evening.

On the same day, the company announced via an official blog post the suspension of its operations to tackle a recently confronted issue. Though the matter is undisclosed, the company affirmed that the problem would be rectified soon.

The blog post read:

Recently, we have come across a certain issue…We are now further investigating the issue…For the purpose of protecting our users’ assets under our custody, we have come to make a tough decision that any deposit and withdrawal requests will be suspended until further notice, starting from June 13, 2023, at 0:40 UTC.

In a subsequent move, Haru Invest has also de-activated its social media accounts including LinkedIn, Medium, and Instagram; the company’s Twitter account is still active. Though the blog post on the company website is not yet deleted, the company hasn’t given any updates on the issue.

Following the news regarding the closure of Haru Invest, the company’s co-founder under the Twitter pseudonym jooddang.eth, shared a post, commenting that the company’s sudden move would have arisen from some crucial internal crises.

In related news, Korea has been actively participating in initiating crypto regulations aspiring to establish its crypto market. In a recent move, the authority has introduced a virtual currency tracking system, in an attempt to “strengthen the tracking of money laundering and recovery of criminal proceeds using cryptocurrencies.”

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