The South Korean crypto yield platform, which has become difficult to find out, releases over 100 employees (report)

The South Korean crypto yield platform, which has become difficult to find out, releases over 100 employees (report)

Haru Invest-a South Korean platform that offers various options for investing in cryptocurrencies-is reportedly released. The layoffs will be officially on June 23.

The decision is made for several days after the company has suspended deposits and withdrawals due to a problem with one of its service providers.

• according to the current status cover Haru Invest has terminated the contracts of over 100 employees. They received the news from CEO Hyung-Soo Lee as part of a video conference.

"Due to the current Situation, normal corporate management is difficult. I made this decision," he said.

• The sudden problems of Haru Invest began in mid-June when the company met with a "specific problem with one of the service partners". As such, it is paused withdrawal and deposits on its platform to ensure maximum customer protection.

• The company has made another announcement today: Sayword It will "minimize" its business and its associated companies to prevent further damage after legal steps against B&S Holdings.
• The management team promised to inform about future changes to the situation and to provide its employees any necessary help.

"We are currently looking for the optimal platform to communicate with you through our business.

• The problems of Haru Invest seem to have triggered a domino effect in South Korea since Delio-a leading crypto loan platform Impact. The latter claimed that the measure was taken due to the exposure to the former.
• Delio later announced that it will gradually resume the services without naming a specific date for it.

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