Haru Invest execs arrested in South Korea on embezzlement charges

South Korean prosecutors announced the arrests of Haru Invest CEO and two other execs two days after Haru posted another “no information” update.

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South Korean prosecutors have finally apprehended several executives of the troubled cryptocurrency yield platform Haru Invest which suspended withdrawals in June 2023.

The virtual asset crime investigation unit of the Seoul Southern District Prosecutors Office has arrested three key individuals behind Haru Invest, local news agency Yonhap reported on Feb. 6.

The arrested persons included Haru Invest's CEO and two other executives, the prosecutors reportedly announced. The execs are detained on charges of stealing 1.1 trillion won ($830 million) in cryptocurrency from 16,000 Haru Invest customers.

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