TechFlow news — On September 9, Hugo Lee, CEO of Haru Invest, sent a letter to Haru Invest members stating that he appeared in court on Thursday to explain his and Haru Invest's position regarding a restoration application filed by some users. He emphasized that this corporate rehabilitation filing does not represent the interests of all members, and his responsibility remains to recover member assets from asset management companies as much as possible and distribute them fairly among all Haru Invest members. During court questioning, Lee clarified the facts concerning the entities that have substantive contractual relationships with Haru members and those entities to which the assets actually belong. Specifically, the companies subject to the restoration petition are not the actual operators of the Haru Invest service; therefore, due to the lack of any residual value—including assets—they hold no practical interest in restoration.
Regarding the asset distribution plan, Lee stated that apart from assets recovered from B&S Holdings, assets reclaimed from other asset management firms are also planned to be prioritized for distribution to members. However, as investigations into B&S Holdings and Haru Invest are still ongoing, it is difficult to set a definitive timeline for asset distribution at this stage. In response to questions about the recovery of assets entrusted to B&S Holdings, Lee noted that current circumstances do not allow for speculation on the likelihood of recovery. He stressed that the top priority now is cooperating fully with investigative authorities to recover as many assets as possible from B&S Holdings. Preventing B&S Holdings from engaging in further actions and ensuring its full cooperation with the investigation remain critical tasks. The asset distribution schedule will ultimately be determined based on the outcomes of the investigation.
