Crypto Earning Platform Haru Invest Suddenly Freezes Withdrawals

An issue with one of the service partners led South Korean digital asset management company Haru Invest to freeze withdrawals from its platform.

Crypto Earning Platform Haru Invest Suddenly Freezes Withdrawals

The suspension was a difficult choice made to protect customer cash until the company came up with a backup strategy to correct the situation, the company said in a Tuesday morning announcement. According to an April 18 update, the company claims to have over 80,000 customers in more than 140 countries and around $1 billion in assets under control.

The Company’s LinkedIn Account Also Closed

Additionally, according to local media, the company’s offices in Seoul and LinkedIn account have both been shut down. Hugo Hyungsoo Lee, CEO of Haru, defended the office shutdown by asserting that the company had a work-from-home policy. According to reports, the action was taken to safeguard the office’s assets from any potential damage caused by consumers’ stoppage of withdrawals.

Eunkwang Joo, co-founder and former CTO of Haru, stated that shutting the social media account was done by “guidelines of the law firm in terms of legal response.” According to Joo, the platform is experiencing an internal problem rather than an intentional rug pull.

About Haru Invest

They started in 2019 with the conviction that everyone should have the chance to attain financial freedom. The company is headquartered in Singapore and was founded in South Korea. With minimal effort and no additional costs, Haru Invest is the smart and safe digital asset platform for optimizing your cryptocurrency earnings.