Hugo Lee, the CEO of Haru Invest, informed the company’s members in a letter that, as of September 21, they had filed a final memorandum with the court in relation to the asset recovery case that some of the members had brought. In the memorandum, it is noted that more than 60% of the company’s members are situated abroad, not in South Korea, and that the Korean entities named by the members do not truly own the assets of Haru Invest Services. These entities are also not the true owners of Haru Invest Services.
Lee told the court that the recovery case had failed to safeguard the interests of the vast majority of members who did not take part in the lawsuit and expressed doubts about how it could advance the equitable distribution of assets without violating the rights of any creditors, including overseas members.
According to Lee, Haru Invest Services is now run by a small team of operational personnel, the majority of whom do not offer technical help, and as a result, users who are unable to log in to the website because of problems such 2FA, OTP, ID, and password resets may experience these problems. Plans have already been made by the team, including delivering members’ personal asset information through email when assets are distributed in the future.