- Seoul authorities impose travel restrictions on individuals associated with Haru Invest, Delio, and B&S Holdings.
- Haru Invest and Delio suspended withdrawals due to issues with service partner B&S Holdings.
- Concerned users express worry about lack of information from Haru, leading to legal action.
According to local reports from Digital Asset, the Seoul Southern District Prosecutors’ Office’s second financial investigation division imposed travel restrictions on key individuals associated with Haru Invest, Delio, and B&S Holdings due to their alleged involvement in a criminal complaint concerning fraudulent activities related to the suspension of digital asset withdrawals.
The banned individuals include executives from Haru, the CEO of Delio Jeong Sang-ho, and a major shareholder of B&S identified by the surname Bang.
On June 13, the South Korean digital asset management platform Haru Invest suspended withdrawals due to an “issue with one of the service partners,” identified as B&S Holdings. Soon after, Delio halted withdrawals due to market volatility and the impact of Haru Invest’s suspension on June 14.
Sang-ho initially made a false statement claiming that Delio had no connection to the suspension of Haru. However, the very next day, he admitted that there were indeed crypto assets deposited in Haru, and as a result of the Haru incident, Delio also suspended deposit and withdrawal services.
This urged concerned users on Twitter to express their worry, stating that Haru did not provide any substantial information about the situation, causing significant distress among the users.
Out of frustration, more than 400 investors from Haru Invest and 150 investors from Delio have formed a Telegram chat group to prepare for lawsuits. They accused the companies of fraud and are being represented by the law firm LKB & Partners.
Although B&S was mentioned by Haru as the reason behind the suspension of deposits and withdrawals, the victims did not file a lawsuit against Bang, a major shareholder, with the Seoul Southern District Prosecutors’ Office.
However, the prosecution took preemptive measures based on their belief that Bang might have played a role in causing the suspension of deposits and withdrawals. However, another significant shareholder of B&S, known only by the surname Song, is currently residing overseas.
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