Haru Invest: Examining all possible legal avenues to recover assets, may sell company assets to recover losses

Haru Invest, a crypto finance company with operations in South Korea, said B&S Holdings had been seized and searched as part of an investigation following its previous charges against B&S Holdings. Haru Invest has already begun preparations for the recovery and distribution of assets, although it is expected to take some time. Haru Invest is reviewing all possible legal avenues to recover our assets and ensure their legal distribution to our clients, and is considering various options to recover losses, including the possible sale of company assets. To this end, as of the end of June, Haru Invest has significantly reduced its operating expenses, retaining only necessary personnel and resources. While the possibility exists to consider court administration and a sale, Haru Invest said that given the circumstances, it would be most prudent to pursue maximum legal action and repossess existing assets. In addition, in order to proactively reduce potential risks such as hacking, theft or loss, Haru Invest stated that it has taken the necessary steps to entrust the custody of accounts and wallets (including cold wallets and hot wallets for storing recovered assets) to encrypted funds unrelated to its organization. Custodian.