According to TechFlow, on November 20, the Seoul Reorganization Court of South Korea officially declared the cryptocurrency custodian Haru Invest bankrupt. The company is suspected of defrauding more than 16,000 investors of about 1.4 trillion won (about 1.08 billion US dollars) in crypto assets by promising high returns with guaranteed principal from March 2020 to June 2023. The court will hold the first creditors' meeting on February 11, 2025, and the bankruptcy administrator will liquidate and distribute the company's assets.