Haru Invest To Shut Down Servers Amid Bankruptcy Proceedings

• Haru Invest plans to temporarily shut down servers due to high maintenance costs and store data for potential future use.
• CEO Hugo Lee aims to restore user assets and ensure fair distribution as part of the bankruptcy reorganization.
• Haru Invest intends to prioritize assets recovered from the asset management company for distribution.

South Korean digital asset management platform Haru Invest announced it will temporarily shut down its servers in the coming weeks as it seeks to cut costs amid ongoing bankruptcy restructuring.

According to Chinese journalist Colin Wu, Haru Invest said maintaining its servers represents the company’s largest fixed operating expense. By preserving data but powering down servers, Haru aims to reduce expenses while determining next steps.

吴说获悉，Haru Invest 发布公告称，考虑到服务器维护成本是最大的固定成本，计划在未来几周内暂时关闭服务器，同时保存并存储所有相关数据，并在资产分配时决定是否重新启动服务器。此前，Haru Invest CEO Hugo Lee…

— 吴说区块链 (@wublockchain12) October 24, 2023

Haru Invest is currently in the process of establishi…

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