Shocking Scandal Unveiled: Haru Invest Chiefs Nabbed in $828M Crypto Heist

South Korean authorities arrest Haru Invest executives for allegedly orchestrating a massive cryptocurrency theft.

In a jaw-dropping revelation, South Korean authorities have apprehended three high-ranking executives of Haru Invest, accusing them of orchestrating a colossal cryptocurrency heist valued at 1.1 trillion won ($828 million). The CEO of the platform is reported to be among the trio arrested by the Joint Investigation Team of Virtual Asset Crimes at the Seoul Southern District Prosecutors' Office.

Haru Invest, once lauded for promising double-digit yields on crypto deposits, has been mired in controversy for an extended period. Last June, the platform abruptly halted withdrawals and deposits, citing issues with service partners. Subsequently, the company terminated approximately 100 employees. Reports suggest that Haru Invest is under suspicion of executing a "rug pull" scam, where crypto project founders vanish with customers' funds.

The prosecutors allege that the Haru executives misappropriated customer funds between March 2020 and June 2023, all the while promoting the use of "risk-free, diversified investment techniques."

This shocking development adds another layer to the troubled history of Haru Invest, leaving approximately 16,000 customers reeling from the staggering loss. The arrest of high-profile figures within the company sends shockwaves through the cryptocurrency community, highlighting the challenges and risks associated with trusting digital asset platforms.

(Photo Source / Blockonome)