2024.02.23
Haru Invest Executives Arrested for Alleged 1 Trillion Won Cryptocurrency Fraud
The executives of Haru Invest, a cryptocurrency deposit platform, have been arrested and charged with fraud by the Seoul Southern District Prosecutors' Office's Virtual Asset Crime Joint Investigation Team. They are accused of defrauding customers of over 1 trillion won in coins by falsely promising risk-free investments and high returns. The company attracted thousands of investors, claiming stability despite crypto price fluctuations. Investigations revealed financial mismanagement, with the company facing capital erosion and lacking basic accounting systems. Prosecutors plan to cooperate with victims and defense lawyers to compensate for losses. Haru Invest is undergoing rehabilitation procedures.
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