Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»South Korea arrests Haru Invest executive for embezzlement of $826 million
ADOPTION NEWS

South Korea arrests Haru Invest executive for embezzlement of $826 million

By Crypto FlexsFebruary 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
South Korea arrests Haru Invest executive for embezzlement of 6 million
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Prosecutors said Monday that they had arrested and detained three executives of cryptocurrency yield platform Haru Invest, including two co-CEOs.

Seoul prosecutors have charged three people with stealing about 1.1 trillion won worth of cryptocurrency from about 16,000 users, an official at the Seoul Southern District Prosecutors’ Office told The Block.

One day, he was accused of investing most of his customers’ deposits through one individual while falsely advertising that the deposits were managed using ‘risk-free diversified investment techniques.’ Haru Invest offer Earn Plus products offer returns of up to 12% to users.

Local authorities have been investigating Haru and cryptocurrency lending company Delio after they suddenly stopped withdrawals on June 14, 2023. Delio announced that the cause was the sudden suspension of deposits and withdrawals by Haru Invest, with which Delio cooperated, this morning.

On the same day, I submitted a petition. criminal charges It alleged that consignment operator B&S Holdings defrauded the company through false reporting, resulting in losses of more than $260 million due to the FTX collapse.

Last month, the prosecution issued an arrest warrant for B&S’s majority shareholder, Mr. Bang. Bang’s name is not being released due to South Korea’s privacy regulations.

The prosecution said, “We will thoroughly investigate the true nature of the crime (alleged crime) through the investigation, while doing our best to recover the damage and recover the proceeds of the crime.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025
Most Popular

Testimony of Xterra developer, marking a new turning point in the history of provincial law

February 7, 2024

World’s First Bitcoin Blockchain ICO Enters Final 7-Day Countdown – Blockchain News, Opinion, TV & Jobs

March 8, 2024

Ethereum price indicates potential for strength to reach $3K.

February 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.