According to TechFlow, on September 9, Haru Invest CEO Hugo Lee wrote to Haru Invest members, saying that he would appear in court on Thursday to explain his and Haru Invest’s position on the recovery application for some users. He said that this application for corporate bankruptcy reorganization does not represent the interests of all members, and its responsibility is to recover member assets from the asset management company as much as possible and distribute them fairly to all Haru Invest members. During the court questioning, Lee explained the facts of the entity with which Haru members have a substantive contractual relationship and the entity to which the assets belong. Specifically, the company against which the recovery case is filed is not the entity that actually operates Haru Invest services, and therefore, due to the lack of any residual value, including assets, they have no actual interest in recovery.
Regarding the asset distribution plan, Lee said that in addition to the assets recovered from B&S Holdings, it is planned to distribute the assets recovered from other asset management companies to members first; however, since the investigation into B&S Holdings and Haru Invest is still ongoing, it is difficult to arbitrarily determine the asset distribution schedule. In response to questions about the recovery of assets entrusted to B&S Holdings, Lee said that the current situation does not allow for the possibility of recovery to be determined arbitrarily, and he believes that the most important thing now is to cooperate with the investigation agency to recover as many assets as possible from B&S Holdings. He believes that preventing B&S Holdings from engaging in other behaviors and making it actively cooperate with the investigation is the top priority. In addition, the asset distribution schedule will be determined based on the results of the investigation, etc.