CEO Haru Invest: Closing The Office Due To Protect Employee Safety

Key Points:

• The CEO of Haru Invest has officially spoken out about closing the office after announcing the cessation of user deposits and withdrawals.
• Lee Hyung-soo said that he could not reveal his partner’s name because he was afraid that sensitive issues would be exposed and could not be resolved.
• The office closure is to protect employees’ safety after the company stops depositing and withdrawing users’ funds for repair.

The CEO of Haru Invest has officially spoken out about closing the office after announcing the cessation of user deposits and withdrawals.

According to Korean media outlet Maeil Business, Haru Invest CEO Hyung-soo Lee (Hugo Lee) discussed suspending deposits and withdrawals on the platform.

“We are investigating the cause of the problem with our partners and are working on a solution, where investor protection is a priority, we cannot talk about specific partner companies for fear that sensitive issues will be exposed first and cannot be resolved.”

Responding to reports of his office being closed, Lee said: “We feel that while deposits and withdrawals are suspended, we may be putting our employees at risk, so that’s why We have moved to work from home and closed to protect office assets.

It is known that Haru Invest is a virtual asset storage service launched by Block Crafters, a blockchain accelerator in Korea, based in Singapore, and the official website claims that it has about 80,000 members. in 140 countries.

The platform offers high-interest rates of up to 12% when offering virtual assets, which, while attracting investors, is also questioned by the industry. As of this morning, users have reported that they cannot withdraw funds on the platform. The size of the users affected in South Korea is unknown at this time. However, according to information from users shared on the community, accounts worth about 30 million won (about $0.4 million) are stuck on the platform.

Haru has yet to register to do business with South Korea, so the country’s regulators may be unable to do anything about the case.

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