Haru Invest Execs Arrested in South Korea for Allegedly Stealing $828M Worth of Crypto: Report

CoinDeskPolicy2024-02-05 tarihinde yayınlandı2024-02-06 tarihinde güncellendi

Özet

The platform paused withdrawals and fired 100 employees last June citing issues with service partners.

South Korean authorities have arrested three executives at yield platform Haru Invest for allegedly stealing 1.1 trillion won ($828 million) worth of crypto from around 16,000 customers, Yonhap News reported on Tuesday.

The company’s CEO is reportedly among the three arrested by the Joint Investigation Team of Virtual Asset Crimes of the Seoul Southern District Prosecutors' Office.

2.7K

STORY CONTINUES BELOW

Recommended for you:

Haru Invest, which once promised double-digit yields for crypto deposits on the platform, has been in troubled waters for some time. It paused withdrawals and deposits in June last year, citing issues with service partners, and fired around 100 employees shortly afterward. Yonhap reports the platform is suspected of running a scam known as a “rug pull,” where founders of crypto projects disappear with customers’ funds.

The prosecutors have accused the Haru executives of misappropriating customer funds between March 2020 and June 2023 while advertising they were using “risk-free, diversified investment techniques.”

Edited by Sandali Handagama.

İlgili Okumalar

Hawaii crypto ATM ban to take effect on Oct. 1

Hawaii will implement a total ban on cryptocurrency ATMs and kiosks starting October 1, following the signing of House Bill 1642 into law by Governor Josh Green in July. The legislation prohibits the ownership, operation, or management of kiosks that exchange U.S. currency for digital assets. Lawmakers cited FBI data reporting over $11 billion in digital asset scam losses nationwide in 2025, with Hawaii residents filing 826 related complaints and incurring roughly $80 million in losses. Hawaii joins Minnesota, Tennessee, and Indiana in enacting such bans, while states like South Dakota and Wyoming have imposed strict regulations. According to CoinATMRadar, 57 crypto ATMs and kiosks were operational across Hawaii's main islands as of this week.

cointelegraph23 dk önce

Hawaii crypto ATM ban to take effect on Oct. 1

cointelegraph23 dk önce

Coinbase to Remove 10 Altcoins from its Futures Contract

Cryptocurrency exchange Coinbase has announced the suspension of futures contracts for 10 altcoins. Trading for these contracts will be halted on August 26 at approximately 21:00 Turkish time. The affected perpetual futures contracts (PERP) are for the following assets: Memecoin ($MEME), The Sandbox ($SAND), Moonbirds (BIRD), Blur (BLUR), Katana (KAT), SPX6900 ($SPX), Zora (ZORA), Axie Infinity (AXS), Gensyn (AI), and LayerZero (ZRO). Coinbase stated that any positions remaining open at the end of the trading day will be closed automatically. The final settlement price will be based on the average index price over the 60-minute period prior to the trading halt, and the funding rate for the final period will be set to zero. The exchange noted it has recently been making consistent decisions to delist assets from its futures platform.

cryptonews.ru48 dk önce

Coinbase to Remove 10 Altcoins from its Futures Contract

cryptonews.ru48 dk önce

Chainlink Whales’ Activity Hits Five-Month High as Holders Anticipate Breakout

Activity of large Chainlink investors has surged to a five-month high, potentially signaling a bullish breakout for LINK, according to data from analytics firm Santiment. On August 12, the network processed 246 large transactions of at least $100,000 each, the highest daily count in five months, a pattern historically linked to price increases. Despite this surge in whale activity, LINK's price, trading at $8.80 at the time of the report, has been largely stagnant over the past year and remains down roughly 83% from its May 2021 all-time high. However, Santiment noted a bullish technical signal as LINK broke a descending trend line on August 11. Standard Chartered offered a significantly optimistic long-term outlook, setting price targets of $13 by 2026, $41 by 2027, and a higher target for 2030. The bank's forecast is based on Chainlink's potential role as a foundational layer for tokenized real-world assets, a market projected to reach around $4 trillion by 2028. The report highlighted that Chainlink's utility and adoption continue to grow, with recent integrations including a cross-border settlement project with 47 banks and partnerships with major institutions like DTCC, Robinhood, and Amundi. Despite this expanding infrastructure, LINK's price has struggled to break out of its $8-$10 range for most of the year.

cryptonews.ru51 dk önce

Chainlink Whales’ Activity Hits Five-Month High as Holders Anticipate Breakout

cryptonews.ru51 dk önce

XRP Price Forecast Amid Accumulation by Large Holders

XRP Price Forecast Amid Rising Accumulation by Large Holders On August 12, XRP's price increased by 1.36% to $1.01, recovering after briefly dropping below the $1 support level the previous day. Data indicates that despite weak price momentum, activity from large holders (whales) and active addresses is growing. Santiment data shows a net increase of 32 wallets holding over 1 million XRP over three months, starting May 2026. This accumulation suggests a transfer of supply from weak to strong hands. While large investors bought, retail selling contributed to a 29% decline in XRP's market cap over the same period. Concurrently, the number of active XRP addresses surged 84% from August 1 to August 11. This network activity rise occurs ahead of an XRP Ledger update expected to boost DeFi usage and despite a low 22% probability of the CLARITY Act passing in 2026, creating a bullish divergence. Technically, XRP's drop below $1 on August 12 marked a 20-month low, with the RSI at 37 favoring bears. Further sell pressure could push the price down to the $0.85 Fibonacci level. However, analysts note XRP may be oversold after a 71% decline from July 2025. A strong uptrend would require overcoming resistance at the $1.20 Fibonacci level. Separately, the Coreum bridge connecting to the XRP Ledger was hacked for $200,000 worth of XRP, exploiting a deposit verification flaw. The Ripple community confirmed the XRP Ledger itself remains secure.

cryptonews.ru51 dk önce

XRP Price Forecast Amid Accumulation by Large Holders

cryptonews.ru51 dk önce

Solana Nearly Halted Finalization Due to an Outage

On August 12th, a routing failure at infrastructure provider TeraSwitch caused approximately 90 Solana validators, representing 28.83% of staked SOL, to go offline simultaneously. This brought the network dangerously close to the 33.34% threshold at which transaction finality would halt, stopping the blockchain. The incident, highlighted by Marinade Finance, lasted about 33 minutes before routing was restored. The affected validators missed out on roughly 333 SOL in rewards during the downtime. The event underscored significant risks from infrastructure concentration, as TeraSwitch alone managed validators with 27.34% of the total staked SOL prior to the outage. Marinade Finance stated it would revise limits on validator distribution across autonomous systems and data centers to improve resilience. Some major operators, like Coinbase, already distribute infrastructure across multiple providers with backup servers to mitigate such single points of failure. The incident echoes a 2022 event where provider Hetzner, hosting ~40% of validators, disconnected nodes, though the network remained operational.

cryptonews.ru53 dk önce

Solana Nearly Halted Finalization Due to an Outage

cryptonews.ru53 dk önce

İşlemler

Spot