Crypto Yield Platform Haru Pauses Withdrawals and Deposits
- Haru said it was due to a ‘certain issue’ with a partner
- Platform offers yields as high as 50% on crypto, website says
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Haru Invest has paused deposits and withdrawals “until further notice” on its high-yielding digital asset management platform, citing “a certain issue” with one of its partners.
“Recently, we have discovered through our internal inspection process that certain information provided by a consignment operator was suspected to be false,” a blog post by the Singapore-based company with $1 billion in assets under management said. “After careful investigation, we concluded that immediate suspension of transactions was necessary to protect our investors. We are currently engaging in a fact-finding process against the operator in question and plan to take necessary measures.”