Haru Invest Bankruptcy Claims
Submission Status Update
*2025/05/29
We attended a meeting with the bankruptcy trustees of Haru United Pte. Ltd. and Haru Management regarding the Haru Invest bankruptcy case.
Status of Haru Invest Affiliates
The bankruptcy proceeding for Haru Management is currently ongoing, with the first creditors' meeting and claim investigation hearing scheduled for June 24, 2025. The bankruptcy case against Haru United was dismissed following the withdrawal of the application. Creditors who have filed claims in the Haru Management case are not required to submit separate claims for Haru United.
Individual Rehabilitation Proceeding
On May 2, 2025, individual rehabilitation proceedings commenced for Bang Jun-ho. Haru United Pte. Ltd. is expected to be listed as one of the creditors. However, disputes over the amount of claims are likely to arise, which may prolong the rehabilitation process. The bankruptcy trustee of Haru United has submitted an opinion to the court expressing concerns about the fairness of the proceeding.
*2025/05/19
Criminal Proceedings
Criminal trials against former executives and related individuals of Haru Invest are currently underway. Some cases are awaiting first-instance rulings, while others are in the appellate or Supreme Court stages. It is expected that final judgments may take considerable time due to Korea’s multi-tiered court system.
Bankruptcy Proceedings
Bankruptcy proceedings for Haru Invest Management are ongoing in the Korean courts, while the case filed against Haru United has been withdrawn and closed. Given the large number of domestic and international creditors and the complexity of tracing virtual assets, the verification and distribution process is expected to take time. We have also confirmed that some investors have received unsolicited offers from third-party law firms to purchase their claims, and we advise caution when responding to such proposals.
*2025/03/21
The Seoul Bankruptcy Court declared Haru United bankrupt.
This follows the bankruptcy of Haru Management in 2024 and represents a significant step forward in the potential recovery of creditors' assets.
Haru United had previously received virtual assets and entrusted them to Junho Bang. This bankruptcy ruling lays the procedural foundation for asserting claims against Bang for the return of those assets.
Decent Law Firm will continue to closely monitor the case and take necessary legal action to protect the rights of the creditors.
*2025/02/11
We attended the first creditors' meeting for Haru Invest at the Seoul Bankruptcy Court, where we actively advocated for the rights of foreign creditors and represented their interests throughout the discussions. A summary of the discussions and procedures from the meeting has been shared with all clients as of February 14, 2025, and will also be provided to those who complete their claim submissions going forward.
Please follow the steps below to complete the application and submit the required documents.
1. Filling Out the Bankruptcy Claim Form
Complete the provided application form and submit it along with the required supporting documents.
• Required documents: Identity verification documents (passport, identification card, driver's license number, corporate registration, or business registration certificate), proof of damages, investment records, etc. (Accepted file formats: PDF, JPG, PNG)
*Haru Invest Website Reopened
1. Check Assets: Take a screenshot of your assets under the "Assets" section.
2. Verify Transactions: Navigate to the "Transactions" section and take screenshots of "Transactions". And then locate the TX HASH for each transaction. Provide us with the full list of your TX HASH addresses.
Once you have gathered these details (Assets & Transactions & TX HASH), please submit them to the form.
If the volume is too large to submit, please send the attachments to admin@decentlaw.io.
Our team will review the submitted documents and follow up if further information is required.
2. Drafting and Signing the Engagement Letter
The engagement letter will be sent via DocuSign to the email address provided in your application.
Once you complete the e-signature, the finalized agreement will be sent to your email.
3. Fee Payment
After the agreement is finalized, proceed with the agreed-upon service fee payment.
• Cryptocurrency Payments: Send the TXID (Transaction ID) to admin@decentlaw.io.
Cryptocurrency Transfer Information
USDT via Tron (TRC20) : TGvQAVvPHJy72nU4sSNq7D4f8GTBVG6A9N
USDC/USDT via Ethereum (ERC20) : 0xbbaec31498306a9584ba084cff41ac2eb16a1602
USDC/USDT via Solana : C1CqnuViNf81ypaqiMtSk9bno1ZTTvxyCLSXtwpaYkQB
• Bank Transfers: Send the receipt or proof of transfer to admin@decentlaw.io.
Bank Transfer Information
Bank: Kookmin Bank (South Korea)
Account Number: 814368-11-020612
SWIFT Code: CZNBKRSE
Name: HONG PUREUN (DECENT LAW FIRM)
Address: 5F, 171, Saimdang-ro, Seocho-gu, Seoul, Republic of Korea
Postal Code: 06626
City: Seoul
Once the payment is confirmed, a confirmation email will be sent. Please note that the verification process may take some time.
4. Form Submission and Court Filing
Based on the provided information, we will prepare the necessary documents, review them, and submit them to the Seoul Rehabilitation Court.
* Next Steps
The official court filing deadline has passed, but additional claim submissions are currently being accepted.
Based on the submitted forms and documents, Decent Law Firm will review and provide individual updates on the progress.
*Inquiries and Additional Submissions
If you have any questions or additional documents to submit, please contact us at admin@decentlaw.io.
If you want to submit more quickly, please upload the documents on the application page using the name and email address provided in your initial application.
Decent Law Firm is committed to helping Haru Invest creditors recover their rights.
We will provide updates promptly as more information becomes available, and we appreciate your continued interest.
