Case summary
What happened
Haru Invest stopped withdrawals in June 2023 and did not return to normal operations. Criminal proceedings later addressed alleged conduct by executives, while a separate bankruptcy proceeding resulted in the 20 November 2024 bankruptcy declaration of Haru Management Limited, the operating entity handling customer accounts and assets.
Customer result
Customer outcome
Claims ongoing
Haru Invest customer recovery remains unresolved in this seed. Later records should use direct court, administrator, or official customer-update sources.
- Estimated recovery
- unknown legal process dependent
- Repayment started
- —
- Repayment completed
- —
- Confidence
- Medium
Asset treatment
Terms risk
Unknown
Use unknown because the customer outcome is tied to unresolved legal and claims processes.
- Affected product
- Haru Earn products and custodial balance products
- Confidence
- Medium
Haru Invest customer treatment depends on the legal and claims process. Current public sources do not establish a reliable ownership classification.
Known unknowns
Uncertainty
The bankruptcy declaration establishes insolvency of Haru Management Limited and a court-supervised creditor process. It does not establish a completed distribution, a universal recovery percentage, or the final outcome of criminal allegations against executives.
Chronology
Historical record
Haru Invest begins operating
Haru Invest operated as a crypto deposit and yield service with multiple yield products.
Launch date approximate.
Haru Invest suspends deposits and withdrawals
Haru Invest suspended deposits and withdrawals after reporting an issue with a service partner.
Core Haru customer-outcome event.
Haru-related operations remain halted
Haru services did not return to normal operations after the withdrawal suspension.
Needs official administrator-source update.
No direct evidence linked to this event yet.
Customer recovery remains unresolved
Customer recovery remained unresolved while the legal and claims process continued.
Placeholder outcome-tracking event.
No direct evidence linked to this event yet.
Haru Invest legal proceedings intensify
Haru became the subject of legal proceedings related to customer deposits and alleged platform conduct.
Use conservative wording until direct court sources are added.
Seoul Bankruptcy Court declares Haru Management Limited bankrupt
The Seoul Bankruptcy Court declared Haru Management Limited bankrupt after finding grounds of inability to pay. Contemporary court reporting identifies Haru Management Limited as the Haru Invest operating entity responsible for membership, product subscriptions, and management of customer virtual assets.
This event establishes bankruptcy of the operating entity and commencement of a court-supervised creditor process. It does not establish a completed customer distribution or resolve criminal allegations against Haru executives.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Event
5 sourcesHaru Invest withdrawal halt coverage
CoinDesk · 2023-06-13
Supports Haru withdrawal halt.
Haru Invest legal process coverage
Reuters · 2024-08-29
Supports legal-process context and the reported February 2024 indictment after Haru suspended withdrawals.
Seoul Bankruptcy Court declares Haru Management Limited bankrupt
Yonhap News Agency · 2024-11-20
Contemporaneous court report states that the Seoul Bankruptcy Court declared Haru Management Limited bankrupt after finding grounds of inability to pay, and identifies the company as the Haru Invest operating entity responsible for membership, product subscriptions, and customer virtual-asset management. It supports bankruptcy status and creditor-process context only; it does not establish a completed distribution, universal recovery percentage, or final criminal liability.
Haru Invest describes trading-based yield-generation strategy
Haru Invest via Business Wire · 2023-03-27
Company-attributed release states that Haru Invest offered Earn Plus and Earn Explore and described its crypto-fund management as based on trading models exploiting market inefficiencies to generate profits. This resolves only the existence of a disclosed source-of-yield mechanism. It does not independently verify realized returns, asset segregation, custody treatment, or whether the stated strategies matched actual deployment of all customer assets. Linked to the platform launch/product lineage event for schema continuity; the 2023 disclosure date is not treated as the product launch date.
Prosecutors alleged Haru marketed risk-free principal-guaranteed returns
The Asia Business Daily · 2024-02-22
Contemporaneous reporting of the Seoul Southern District Prosecutors' Office indictment states that prosecutors alleged Haru executives attracted deposits by representing risk-free management, principal protection and industry-leading returns. This is recorded strictly as a prosecution allegation about customer-facing representations, not as an adjudicated finding that principal was in fact guaranteed or protected, and not as proof of realized returns or actual asset deployment.
No evidence records match the current filters.
Comparative records