Haru Invest Executives Arrested for Alleged 1 Trillion Won Cryptocurrency Fraud

Executives of Haru Invest, a crypto deposit platform accused of defrauding over 1 trillion won, have been arrested and face trial. Co-presidents A (44) and B (40), GM C (40), and COO D (38) are indicted for violating the Economic Crimes Act, accused of receiving 1.4 trillion won in crypto and falsely promising risk-free deposits with high returns. Mr. D faces embezzlement charges for misusing 368.43 million won. Haru Invest attracted funds from 16,347 people by misleadingly promoting “risk-free arbitrage” and “diversified investment.” Prosecutors reveal the company’s poor financial state, lack of proper management, and false promotion. The prosecution plans to collaborate with victims and defense lawyers for compensation during the rehabilitation process, while the company is currently undergoing rehabilitation procedures.

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