- They attributed it to problems on the ISP side
- But the company’s office in Seoul is also empty
South Korean crypto platform Haru Invest has suspended withdrawals and deposits. They attribute this to problems with service partners.
In their statement, Haru Invest did not name the provider that interfered with its operations.. At the same time, the company deleted its Linkedin profile. But the official Twitter page is still up and running.
Media in South Korea previously reported that local exchange Upbit has decided to restrict transactions with Haru Invest. Journalists visited Haru Invest’s office in Seoul today and it was empty. The head of the company, Hyun-soo, explained that the employees work remotely.
Co-founder and ex-CTO Eun-kwan Ju also commented on the situation. He recently left the firm due to internal disagreements. Ju suggested that the current problems are also caused by an “internal situation,” and it is unlikely that Haru Invest maliciously stopped payments.
Ju suggests that the firm’s difficulties may also be related to the actions of South Korea’s regulator.
“As someone who made the product with love, I hope to recover quickly from this problem and return the service to normal operations.. I guess we’ll have to wait for the company’s official position for a more accurate factual breakdown.”
Haru Invest offered a variety of high-yield investment products. They recently introduced a new service called Haru Mining. This is a crypto-mining investment in partnership with Pow.re