TechFlow reports that Hugo Lee, CEO of HaruInvest, a South Korean virtual asset custody service provider, stated via the official blog that on September 21, he jointly submitted a memorandum with some members regarding the bankruptcy petition filed by certain members. The key points of the memorandum are as follows:
- The domestic legal entity identified by the members does not actually hold Haru Invest's assets.
- The domestic legal entity is not the actual operator of HaruInvest services, and over 60% of the members are overseas residents.
- There remains uncertainty over whether this bankruptcy proceeding can lead to fair asset distribution without infringing upon the rights of all creditors (including members), which does not align with the interests of the majority of members who do not participate in the litigation.
Additionally, he explained that the current login issues on the HaruInvest website—including problems with 2FA, OTP, and username/password resets—are due to only a minimal number of operational staff maintaining the service, resulting in most technical support being currently suspended.
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