Haru Invest, the struggling cryptocurrency investing platform, has issued an update on its ongoing attempts to recover assets and rectify concerns related to the B&S Holdings inquiry. The corporation announced in a July 14, 2023 announcement that it is actively contacting with asset managing partners both locally and internationally in order to recover funds under management. To mitigate the loss of value, the corporation is also considering selling company assets.
The company is in the midst of creating a database to clarify its users’ credits and debts. Haru Invest intends to divide the assets in phases after the magnitude of the losses is established and the asset distribution plan is finalised. However, due to inadequate knowledge on the exact amount of losses, the firm has not offered a clear date for this distribution.
Haru Invest has been completely collaborating with investigators, albeit no particular facts concerning the investigation’s progress have been published. Even if there are no substantial developments in the current circumstances, the company has committed to sending weekly updates to its subscribers.
Haru Invest announced a temporary suspension of new deposits and investment features on June 13, 2023, in response to the obstacles and uncertainty in the cryptocurrency industry.
Just two days later, on June 15, 2023, Haru Invest declared that it was taking legal action against B&S Holdings for charges of fraud, embezzlement, and other offences. The company was gathering facts to establish the entire extent of the harm and planned to share information with members as the fact-finding process advanced.
Hugo Lee, the CEO of Haru Invest, apologised for the concerns raised by the recent occurrence on June 20, 2023, and emphasised the need of timely notification. He expressed his deepest sorrow for the inconvenience caused to investors and reaffirmed the company’s commitment to addressing the situation. He emphasised the company’s commitment to transparently share the present situation and developments with members via constant communication channels.