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CDS Crypto News Haru Invest and Delio Face Lawsuits for Freezing Withdrawals

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Haru Invest and Delio Face Lawsuits for Freezing Withdrawals

Investors in Haru Invest and Delio are ready to file class action lawsuits against the crypto businesses.

lectertodd16/06/20231 Mins read764

Haru Invest And Delio Face Lawsuits For Freezing Withdrawals

The crypto yield platform Haru Invest has stopped accepting deposits and withdrawals, and the crypto loan company Delio has stopped accepting withdrawals. Investors in Haru Invest and Delio are planning to file class action lawsuits against the cryptocurrency firms as a result of the billions of dollars worth of cryptocurrency that have been blocked.

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Haru Invest and Delio Face Lawsuits for Freezing Withdrawals

In order to prepare for lawsuits, almost 400 investors from the cryptocurrency investment platform Haru Invest and 150 investors from the cryptocurrency lending platform Delio engaged in a KakaoTalk group conversation. Investors will likely use the law firm LKB & Partners to file lawsuits against cryptocurrency companies on grounds including fraud.

Haru Invest Froze Trading on Tuesday

As a result of incorrect information from its consignment operator, B&S Holdings, Haru Invest froze deposits and withdrawals on Tuesday. In addition, Haru Invest has charged B&S Holdings with a crime.

Following the suspension of deposits and withdrawals by Haru Invest, Delio also stopped processing withdrawals because of market volatility. A specific amount of cryptocurrency assets have apparently been deposited in Haru Invest by Delio. Due to the seriousness of the situation, the company wants to host an investors’ meeting on Saturday.

I sincerely apologize to the investors who believed in us and used our service. We will report our current situation to investors and discuss feasible ways to recoup investments.
Jung Sang-Ho, Delio CEO

About Delio

Delio, a company that CEO James Jung founded in 2018, has been approved as a digital asset finance company by the Financial Services Commission of Korea and the United States. To provide crypto services abroad, the company maintains subsidiaries in Korea, the United States, and the British Virgin Islands.

About Haru Invest

With the belief that everyone should have the opportunity to achieve financial freedom, the platform launched in 2019. Haru Invest is a smart and secure digital asset platform for maximizing your cryptocurrency earnings with little work and no additional expenses.

Sources:coingape

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lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.