Haru Invest, a bankrupt South Korean, yield platform, mentioned that it will return users’ assets. It is believed that no timeframe was given, stated Cointelegraph.
With insights from a Q&A published on October 2, 2023, CEO, Hugo Lee, Haru Invest, mentioned that the firm has a plan for “phased asset recovery and distribution.” The plan is expected to be initiated in several rounds through the disposition of recovered assets, Cointelegraph added.
“To note, however, as legal procedures including rehabilitation and cooperation with investigative agencies are still underway, we are essentially unable to distribute the assets on our own. Hence, predicting and telling you the asset distribution schedule is impossible at this time,” Lee explained.
Lee is also expected to assure investors that they might receive their money back through an equitable distribution regime instead of prioritising creditors in South Korea, Cointelegraph concluded.
(With insights from Cointelegraph)
