Haru Invest and Delio: Accusations of Breaching the Capital Market Act

Investors have lodged lawsuits against Haru Invest and Delio, two major players in the South Korean crypto sphere.

Haru Invest and Delio: Accusations of Breaching the Capital Market Act

The firms, along with B&S, are accused of breaching the Capital Market Act, leading to significant investor damage.

The Extent of Investor Damage

The estimated loss to investors who entrusted their assets to Haru Invest’s and Delio’s hands is a staggering $230 million. Legal representatives for the victims suggest that less than half of the virtual assets controlled by the two organizations are recoverable.

The Role of B&S in the Controversy

The exact amount invested by Haru Invest in B&S remains unknown, adding another layer of complexity to the controversy. The ongoing rehabilitation processes for these corporations are being closely watched by victims and industry observers alike.

The Question of Integrity and Operations

The integrity and operations of Haru Invest and Delio have come under scrutiny. Despite holding a Virtual Asset Service Provider (VASP) license, Delio is accused of mishandling client assets. Haru Invest, although founded abroad, may face legal processes in Korea.

The Future for Haru Invest and Delio

The future of Haru Invest and Delio hangs in the balance as they navigate through the corporate rehabilitation process. The outcome of this process and the ongoing investigations will have significant implications for the companies and their investors.