{"id":175137,"date":"2023-10-16T18:03:25","date_gmt":"2023-10-16T12:33:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175137"},"modified":"2023-10-16T18:03:25","modified_gmt":"2023-10-16T12:33:25","slug":"crypto-yield-platform-haru-invest-to-suspend-server-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-yield-platform-haru-invest-to-suspend-server-crypto-news\/","title":{"rendered":"Crypto yield platform Haru Invest to suspend server – Crypto News"},"content":{"rendered":"
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Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023.<\/p>\n

Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced<\/a> on Oct. 16. The CEO emphasized that the server maintenance cost accounts for the \u201clargest percentage of fixed costs\u201d at Haru Invest and is a priority for the firm.<\/p>\n

\u201cWe plan to suspend the service in a few weeks, backing up all member information,\u201d Lee wrote in the announcement, adding that the firm is \u201cyet to have a definite plan\u201d for the server suspension.<\/p>\n

The firm\u2019s move to shut down the server comes as Haru Invest says it’s \u201cactively devising various strategies\u201d to lower all costs associated with operating its services, the CEO said. \u201cSome of the current fixed expenditures include the upkeep of Haru Invest services, the cost of workspace like the office, and the cost of communication with our members,\u201d Lee noted.<\/p>\n

The CEO claimed that Haru Invest intends to further lower its operating expenditures in order to maintain as much of the company\u2019s assets as possible. He also promised that these assets will be added to those assets to be distributed to users who have had their money stuck on the platform since June.<\/p>\n

The suspension news has triggered some discontent in the Haru Invest community, with many users arguing that server maintenance likely doesn\u2019t cost a fortune for the firm.<\/p>\n

\u201cServer costs cost nothing,\u201d one disgruntled user wrote<\/a> on Haru Invest\u2019s Telegram channel, which counts around 3,100 members in total.<\/p>\n

\u201cServers are gone soon guys, huge costs, 200 USD a month,\u201d another Telegram commenter sarcastically noted<\/a>. According to online sources, maintenance costs of running a server for a small to medium business range<\/a>\u00a0between $35 to $500 per month.<\/p>\n

Lee\u2019s announcement on the upcoming server\u2019s suspension comes a few months after Haru Invest terminated deposits and withdrawals<\/a> on June 13, 2023. The South Korean firm subsequently closed its offices and fired dozens of employees, local news agencies reported.<\/p>\n

Related: <\/em><\/strong>Bybit will suspend services in UK following financial regulator\u2019s \u2018final warning\u2019<\/em><\/strong><\/a><\/p>\n

Haru Invest claimed that the issues on its platform were caused by the\u00a0fraudulent activity of consignment operator B&S Holdings<\/a>, formerly known as Aventus. Some concerned investors accused the firm of orchestrating a \u201crug pull,\u201d but Haru Invest denied the accusations<\/a>.<\/p>\n

The company CEO appeared<\/a> in court in September to address concerns over the company’s recent corporate rehabilitation application. Lee said that Haru Invest was cooperating with investigating agencies and working to establish a timeline for recovering users\u2019 assets. As of early October, Haru Invest hasn\u2019t provided any timeline for recovering the funds<\/a>.<\/p>\n

Haru Invest is reportedly facing a class-action lawsuit<\/a> together with the major South Korean crypto platform Delio, with disgruntled investors accusing the companies of \u201cfraud.\u201d<\/p>\n

Magazine: <\/em><\/strong>The Truth Behind Cuba\u2019s Bitcoin Revolution: An on-the-ground report<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced on Oct. 16. The CEO emphasized that the server maintenance […]<\/p>\n","protected":false},"author":2,"featured_media":175138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-175137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175137"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175137\/revisions"}],"predecessor-version":[{"id":175140,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175137\/revisions\/175140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175138"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}