South Korean yield platform Haru said rug pull rumors were false after investors raised concerns about the suspension of transfers.
that it would be suspending deposits and withdrawals effective immediately. “First of all, the company sincerely apologizes that its latest announcement has caused concerns to our valued investors and customers," Haru said, claiming that “certain information provided by a consignment operator was suspected to be false" during an “internal inspection process," thus leading to the transfer halt.
“After careful investigation, we concluded that immediate suspension of transactions was necessary to protect our investors. We are currently engaging in a fact-finding process against the operator in question and plan to take necessary measures." Haru Invest also claims that it did not experience a “rug pull” and is fully working to “protect our investors." Earlier in the day, the firmit came “across a certain issue with one of the service partners we have worked with” and has been investigating the issue while seeking a contingency plan. Immediately afterward, local news outlets in South Korea claimed that Haru employees were working from home and offices had closed.
In response, developers commented: “We regret that several media articles on this topic contained information that [is] factually inaccurate." According to its website, Haru Invest has over 80,000 members, 9.8 million crypto-earn payouts and $2.27 billion in total transactions. The firm targets an annual yield of 12% on most of its earn products. In September, it raised $4 million on a $284 million valuation.
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