- The company recently froze payments
- The contracts with employees will be terminated on June 23
South Korean crypto service Haru Invest announced layoffs of more than 100 jobs. Contracts of more employees expire on Friday, June 21. The company’s CEO, Lee Hyun-soo, said that “due to the recent situation, the normal management of the company is difficult.”. Notably, he made this statement on behalf of the parent company Block Crafters.
The CEO of Haru Invest also said that the company is starting legal action against B&S Holdings, which specializes in renewable energy. He noted that these legal measures are designed to combat fraud, embezzlement and other allegations and added that B&S Holdings is the root of the problem.
In addition, in its blog, the company said:
“After deep deliberation and with a heavy heart, we announce that we will be terminating Haru Invest and its related businesses to prevent further potential losses.”
Ahead of that, Haru Invest suspended withdrawals and deposits and deleted social media on June 13. They attributed it to problems with service partners. After the withdrawal of funds was stopped, the firm closed its office and all of its employees disappeared.