🚨Breaking News: South Korean prosecutors have arrested three executives, including two co-CEOs, from crypto yield platform Haru Invest! They're accused of embezzling a whopping $826 million in crypto from around 16,000 users. 😱

Haru Invest allegedly entrusted most of its clients' deposits to a single individual while falsely advertising "risk-free distributed investment techniques." Users were lured with promises of up to 12% yield through its Earn Plus product. 📈

This comes as South Korea increases regulatory scrutiny on cryptocurrency lending, following several high-profile failures last year. High-ranking public officials are now required to disclose their crypto holdings under new legislation. 🇰🇷

Stay tuned for more updates on this developing story! 💰💼