Haru Invest cuts off communication channels! Victims lose nearly 80 million US dollars, Delio partially restores cryptocurrency withdrawals

South Korean cryptocurrency company Haru Invest, which ceased operations on June 13, has been accused of blocking communication channels between employees and management, as well as between the company and victims. This forced the victims to form a representative group to record loss certifications. The certified loss amount has reached $79 million and is still increasing. Delio, another affected company, is continuously proposing solutions to appease its users.

Haru Invest Urgently Notifies Partners, Too Busy to Communicate with Users

The South Korean cryptocurrency asset management platform Haru Invest has halted withdrawals for over two weeks, breaking its promise to respond to user inquiries on the 26th. It remains unresponsive to user protests.

According to South Korean media outlet News1's report, victims have formed a delegation to record loss certifications, but progress has been slow due to manpower constraints. Currently, 350 people have registered their losses within three days, totaling 103 billion Korean won, approximately 79 million USD. However, there are still thousands of users awaiting certification, and total losses are estimated to reach billions of Korean won.

The delegation leader stated that Haru Invest, in order to avoid registering as a cryptocurrency service provider within South Korea, did not offer services in Korean but conducted overseas business in the United States and South America. The delegation has expressed strong protests against its CEO, Lee Hyung-soo.

Haru Invest Conducts Large-scale Layoffs and Blocks Employee Access to Company Data

After halting withdrawals, Haru Invest reportedly dismissed over 100 employees. CEO Lee Hyung-soo explained that due to recent poor conditions, the company has struggled to operate normally. Industry insiders claim:

Haru Invest suspended withdrawals without prior notice, deleted internal collaboration tools and corporate accounts, thereby blocking access to view company data and communication channels between management and employees. The frequent layoffs indicate a lack of intention to operate the company.

Delio to Resume Partial Cryptocurrency Deposit and Withdrawal Services

Similarly impacted by Haru Invest's business suspension, the South Korean cryptocurrency financial company Delio, which halted deposits and withdrawals two weeks ago, announced in an official statement today that it will resume deposit and withdrawal services for $ADA, $SOL, $DOT, $NEAR, $KSM, and $XTZ tokens starting on June 28. They also stated that withdrawal services will gradually resume.

On the 25th, the South Korean prosecutors banned the main executives of B&S Holdings, Delio, and Haru Invest from leaving the country to cooperate with current financial regulatory authorities in investigating several individuals on charges of fraud and embezzlement.

Previously, Delio was accused of misappropriating user assets and having undisclosed financial transactions with Haru Invest, sparking user outrage.