Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Haru Make investments execs arrested for embezzling $830M

by SB Crypto Guru News
February 8, 2024
in Scam Alert
Reading Time: 2 mins read
0 0
A A
0


Haru Make investments execs arrested for embezzling 0M
  • Three Haru Make investments execs have been arrested for embezzling buyer funds.
  • It’s alleged that the execs diverted funds after falsely promoting the platform.
  • A category-action lawsuit has been filed, searching for readability on investigations.

In a shocking flip of occasions, barely a day after Montenegro extradited Terraform Labs CFO to South Korea, South Korean authorities have arrested a number of executives of Haru Make investments, a cryptocurrency yield platform, on embezzlement costs. The arrests observe the suspension of withdrawals from the platform in June 2023, leaving traders unable to entry their funds.

Prosecutors allege that the executives stole roughly 1.1 trillion gained ($830 million) value of cryptocurrency from hundreds of Haru Make investments prospects, sparking outrage and authorized motion.

Haru Make investments execs face embezzlement costs

The Digital Asset Crime Investigation Unit of the Seoul Southern District Prosecutors Workplace has arrested the CEO and two different executives of Haru Make investments on costs of embezzling buyer funds. The arrests observe a sequence of tumultuous occasions which have plagued the cryptocurrency yield platform since mid-2023.

Haru Make investments, established in 2019, had initially captured traders’ consideration by promising annual rates of interest of as much as 12% on cryptocurrency deposits. Nevertheless, the platform’s abrupt suspension of withdrawals final June sparked widespread concern and scrutiny.

Prosecutors allege that between March 2020 and June 2023, the executives engaged in misappropriation, diverting buyer funds whereas falsely portraying the platform’s operations as using “risk-free diversified funding strategies.”

Haru Make investments’s historical past

The downfall of Haru Make investments unfolded quickly after it paused withdrawals and deposits in June 2023, citing points with service companions. After the withdrawal halt, roughly 100 workers had been subsequently fired.

The platform claimed it was going through challenges because of the alleged fraudulent exercise of consignment operator B&S Holdings, previously Aventus, additional fuelling suspicion.

Traders, together with Delio, a depository and administration firm that additionally suspended withdrawals final yr after being unable to entry the funds it had in Haru Investassets, filed a class-action lawsuit in opposition to Haru in June 2023.

Because the occasions unfold, the corporate’s “no info” updates and the CEO’s detention have left traders in limbo, desperately searching for readability on the investigations and asset restoration efforts.


Share this text

Classes

Tags



Source link

Tags: 830MArrestedBitcoin NewsCrypto NewsCrypto UpdatesembezzlingExecsHaruInvestLatest News on CryptoSB Crypto Guru News
Previous Post

Microsoft Ignores XR Investments in Favour of AI

Next Post

The right way to Use Benign Neglect to Elevate Joyful, Assured Youngsters

Related Posts

Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

by SB Crypto Guru News
July 21, 2025
0

X’s Grok chatbot declined to select a winner for a $1,000 Ethereum giveaway organized by crypto influencer Crypto Rover, citing...

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

by SB Crypto Guru News
July 18, 2025
0

XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea...

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

by SB Crypto Guru News
July 10, 2025
0

The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that...

Scam targets dormant Bitcoin wallets with fake legal notice

Scam targets dormant Bitcoin wallets with fake legal notice

by SB Crypto Guru News
July 8, 2025
0

Analysts at BitMEX Research have raised the alarm about a scam targeting early Bitcoin holders, particularly those with wallets dating...

Crypto firms paid .7M monthly to North Korean workers

Crypto firms paid $2.7M monthly to North Korean workers

by SB Crypto Guru News
July 2, 2025
0

An on-chain investigation has revealed that North Korea IT workers posing as foreign developers have earned nearly $17 million from...

Load More
Next Post
The right way to Use Benign Neglect to Elevate Joyful, Assured Youngsters

The right way to Use Benign Neglect to Elevate Joyful, Assured Youngsters

Binance’s delisting transfer sends Monero and Multichain values tumbling 20%

Binance's delisting transfer sends Monero and Multichain values tumbling 20%

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.