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Virtual asset custody platform Haru Invest is officially declared bankrupt by a South Korean court


2024-11-2016290 Views
On November 20th, it was announced that virtual asset custody platform Haru Invest was officially declared bankrupt by the Seoul Bankruptcy Court for allegedly deceiving customers and taking away virtual assets worth about 1.4 trillion Korean won, suddenly stopping withdrawals. Haru Management Limited, the operating company of Haru Invest, had previously been applied for bankruptcy due to inability to pay debts. The court stated that although the company was registered in the British Virgin Islands, it has an office and operates in Korea, and therefore the Korean court has jurisdiction over this case.




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