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Haru Invest Provides Update on Current Situation Amidst Investigation into B&S Holdings

Haru Invest Provides Update on Current Situation Amidst Investigation into B&S Holdings

Haru Invest, a prominent investment firm, has released an update regarding the ongoing investigation into B&S Holdings and its efforts to recover assets. The company has been fully cooperating with investigative authorities, although no specific details about the progress of the investigation have been disclosed yet.

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns

Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns

On Aug 6, Haru Invest clarified court rehabilitation procedures and asset distribution plans, following legal challenges and member concerns.

Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution

Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution

Haru Invest CEO Hugo Lee has raised concerns over the company's corporate rehabilitation application, stating it doesn't represent all members' interests and doesn't benefit Haru Invest or the targeted entity. He plans to prioritize asset recovery from other management companies for member distribution.

Haru Invest CEO Apologizes and Assures Transparent Actions in Response to Recent Incident

Haru Invest CEO Apologizes and Assures Transparent Actions in Response to Recent Incident

In a letter to Haru Invest members, CEO Hugo Lee extended a sincere apology for the concerns arising from a recent incident and acknowledged the need for prompt communication.

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns

Haru Invest Addresses Rehabilitation Procedures and Asset Recovery Concerns

On August 20, 2023, Hugo Lee, the CEO of Haru Invest, released an official statement addressing the concerns and questions raised by its members. Lee emphasized that Haru Invest is not evading accountability and remains committed to the efficient recovery of members' assets.

Haru Invest Continues Asset Recovery Efforts

Haru Invest Continues Asset Recovery Efforts

In an announcement on July 14, 2023, the company stated it is actively communicating with asset managing partners both domestically and internationally to recover assets under management. The firm is also considering the sale of company assets to minimize the loss of value.

Crypto Lending Platform Sandbank Temporarily Suspends New Deposits and Investment Features in Response to Crypto Market Challenges

Crypto Lending Platform Sandbank Temporarily Suspends New Deposits and Investment Features in Response to Crypto Market Challenges

Sandbank, a leading crypto lending and investment platform, has announced its temporary suspension of new deposits and investment features in response to the challenges and uncertainties prevailing in the crypto market.

Haru Invest Responds to Customer Inquiries Regarding Asset Losses and Distribution Plans

Haru Invest Responds to Customer Inquiries Regarding Asset Losses and Distribution Plans

Accroding to Haru Invest's latest update, it has received numerous inquiries in recent weeks from concerned members regarding the status of their assets and the company's plans moving forward. In response to these inquiries, Haru Invest has released an official statement addressing the most common questions and concerns raised by its valued customers.

Haru Invest Executives Arrested in $826 Million Crypto Embezzlement Case

Haru Invest Executives Arrested in $826 Million Crypto Embezzlement Case

South Korean prosecutors have detained three Haru Invest executives for allegedly embezzling $826 million worth of cryptocurrencies from 16,000 users, highlighting regulatory scrutiny over crypto lending practices.

Seoul Prosecutors Probe Crypto Fraud at Delio, Haru, Pica, and WeMade

Seoul Prosecutors Probe Crypto Fraud at Delio, Haru, Pica, and WeMade

Seoul's prosecutors probe alleged crypto fraud at Delio, Haru Invest, Pica Project, and WeMade. The joint investigation team aims to expedite the processing of these high-profile cases.

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its  Digital Currency

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.

What Global Regulators Think of Libra: The Asia Pacific Edition

What Global Regulators Think of Libra: The Asia Pacific Edition

Libra, the new cryptocurrency by social media giant Facebook, has generated controversy with lawmakers and regulators globally since its announcement in June of this year. Concerns were mostly revolved around the stablecoin potentially disrupting the global financial system. The scrutiny towards Facebook aims at the fear that the new digital currency could possibly take power away from the governments.

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