Haru Invest has suspended deposit and withdrawal requests until further notice as of 12:40 a.m. UTC today.
“Recently, we have come across a certain issue with one of the service partners we have worked with,” the South Korea-founded and Singapore-based crypto investment platform explained, adding: “We are now further investigating the issue with them and seeking the contingency plan to rectify the situation.”
“For the purpose of protecting our users’ assets under our custody, we have come to make a tough decision that any deposit and withdrawal requests will be suspended until further notice,” it declared.
The platform’s co-founder and former CTO, Eunkwang Joo, tweeted that there may be a situation developing internally at the company but suspects it is not malicious.
CEO Hyung-soo Lee issued a statement that claims the company’s Seoul office is empty for employee-safety reasons.
Haru Invest did not immediately respond to a request for comment.
Updated to provide additional information. This story is developing and may be updated further.