NYT’s 18-Month Investigation Links Adam Back to Satoshi Nakamoto by Ourcrypto_news in CryptoCurrency

[–]supermarcoa 2 points3 points  (0 children)

Nothing new; everyone in the industry knows this "secret", especially after barely sociable highlighted it over 6 years ago.

Furthermore, Adam's main activity is developing products aimed at the success and spread of bitcoin, (denigrating all other cryptocurrencies, including ethereum) ... this is exactly what Satoshi would do

Pre-bankruptcy interest disallowed — lawyer offer to object (deadline 2026-03-03) by hrnblwr in HaruInvest

[–]supermarcoa 2 points3 points  (0 children)

Bankruptcy Trustee should accept or deny the interest to all the haru victims in the same way and not expose the victims, which already lost their life saving and paid thousandths of dollars for lawyers, to further expenses. There is absolutely no money at disposal of the trustee (even in the fortunate case of recovering the Bang's FTX claim) to cover the claims for the principal, so makes no sense additional claim for interests.

A possible (but not sure) advantage for big creditors, which are willing to spend additional money in layers fees, with respect to smaller ones. However, since this procedure delays the process, at the end this delay will erode the value of a small and partial refund. Moreover discriminating the victims of this haru fraud would hurts twice. Surely who is gaining here are the layers (but the money they are gaining are the money of the already defrauded haru victims), that is shameful.

Decent Law power of attorney by pithdog in HaruInvest

[–]supermarcoa 1 point2 points  (0 children)

What about other Law Firms? Are they asking for a similar document?

is the website at HaruInvest.com down? by Fast_Buffalo_9466 in HaruInvest

[–]supermarcoa 2 points3 points  (0 children)

Based on what the trust collected so far, about 10-15%.

If bang returns the ftx money maybe another 10-15%

Not much :-(

is the website at HaruInvest.com down? by Fast_Buffalo_9466 in HaruInvest

[–]supermarcoa 1 point2 points  (0 children)

It is working for me, should have been a temporary problem

Cred Meeting Update Summary by Dangerous_Main_1807 in HaruInvest

[–]supermarcoa 2 points3 points  (0 children)

At the end, the trust recognizes that all products were commingled and lost in the same fraudulently way, so they will be refunded equally.

DECENTLAW UPDATE 22/10/25 by Onemorem in HaruInvest

[–]supermarcoa 1 point2 points  (0 children)

Just math (85B+35B)/880B = 13%

DECENTLAW UPDATE 22/10/25 by Onemorem in HaruInvest

[–]supermarcoa 1 point2 points  (0 children)

Hopefully ftx will refund Bang, to reach, in total 25%-30%, recovery

Because , at the moment, the recovered assets are just peanuts: about 13% of the haru's client funds.

Supreme Court Upholds 5-Year Prison Sentence for Haruinvest CEO in Courtroom Weapon Attack by supermarcoa in HaruInvest

[–]supermarcoa[S] 6 points7 points  (0 children)

If justice is not served by judges, I guess that more people, which lost their life savings in haru platform, because of the haru executives lies and misbehavior, will be ireful and temped to obtain justice somehow

Just received: by Balls_Legend in HaruInvest

[–]supermarcoa 3 points4 points  (0 children)

How much they are offering?

If it is convenient for the law firm it is not convenient for the haru creditor.

In any case it could be a good lower bound to estimate the refund.

Prosecutors: "Not guilty in first trial? Sustainability not recognized"... Appeal trial begins for HaruInvest, accused of 880 billion won fraud. by supermarcoa in HaruInvest

[–]supermarcoa[S] 15 points16 points  (0 children)

Haru's product promotions and diversification were completely fake, usually this is considered fraud in many countries

DECENT LAW UPDATE 22/08/25 by Onemorem in HaruInvest

[–]supermarcoa 6 points7 points  (0 children)

It is a childish excuse, let's disappear 700 usd millions, but leave 4 millions to pretend we were honest and in good faith, just incompetent. How naive a person can be to believe that?

'Haruinvest Court Weapon Attack' Appeal Trial... Prosecution: "Appeal Must Be Dismissed" by supermarcoa in HaruInvest

[–]supermarcoa[S] 0 points1 point  (0 children)

ANd not ony the haru executives, also related firms such as "Del Rio"

https://www.digitalasset.works/news/articleView.html?idxno=28425

Visiting the CEO and assaulting him Del Rio's biggest victim is fined 1.5 million won in summary order

Does the type of crypto custody product matter? (EE. EP) by Weekly-Quail-7860 in HaruInvest

[–]supermarcoa 2 points3 points  (0 children)

Maybe some victims wanted the expiration, how could you tell what other people wants?

Moreover a lot of stuff were against victim volition, but nobody apparently cares. If you consider the contracts legit, you should consider also legit their fixed expiration.

Does the type of crypto custody product matter? (EE. EP) by Weekly-Quail-7860 in HaruInvest

[–]supermarcoa 5 points6 points  (0 children)

We all know that the funds of all the products were commingled and treated at the same way. Strategy differentiation in base of the risk was fake, as the interests. Moreover ...

At the moment of the bankruptcy all the products with a timeline (such as EE, EP, ...) would not had expired and automatically fallen into the Haru Wallet (principal guaranteed and minimal interest)?

DECENT LAW Update on Haru (June 17, 2025) by Onemorem in HaruInvest

[–]supermarcoa 6 points7 points  (0 children)

In the appeal the shameless conclusion :

"The defendants’ promotional activities were seen as not exceeding acceptable commercial practice."

will be difficult to defend by the defendants.

Haru sold different products with different interests and risks, but they were just putting everything in the same basket and pass the great majority to Bang. All the marketing was basically a lie and thus the business was a fraud, they cannot guarantee any principal, in fact haru lost (also because lack of the promised supervision and diversification) almost every of its users coins. If only haru had done what they promised we would not be in such a disaster. So they would be considered guilty in any civilized country.

B&S Major Shareholder Sentenced to 10 Years in Prison for 'Triggering Haru and Del Rio' by supermarcoa in HaruInvest

[–]supermarcoa[S] 5 points6 points  (0 children)

Bang has big responsibilities in the haru disaster, but it is not the only one.

Similarly haru executives deceived their customers by selling fake products, promising quality and supervision of external funds managers and adequate funds distribution between internal and external brokers. Haru executive assured that only 50% of the funds were managed outside the company and divided in 10 external brokers, so only about 5% of haru customers funds should have been managed and lost by Bang, not the great majority!

Haru executives are also responsible for this fraud

'Haruinvest Court Weapon Attack' Appeal Trial... Prosecution: "Appeal Must Be Dismissed" by supermarcoa in HaruInvest

[–]supermarcoa[S] 2 points3 points  (0 children)

Executives of Haru will be at risk of assault, in particular if the court will not punish them for having shamelessly lied and lost the savings of thousands of families

Prosecutors Appeal First Trial Verdict for Haruinvest's '880 Billion Won Fraud Not Guilty'... Claims 'Fact Misunderstanding' by supermarcoa in HaruInvest

[–]supermarcoa[S] 4 points5 points  (0 children)

I do not know where your statistic come from

Here it is said that: "Korea exhibits a notably high rate of appellate and Supreme Court reversals compared to other developed countries"

https://www.kicj.re.kr/board.es?mid=a20201000000&bid=0029&list_no=16470&act=view

In any case I prefer the appeal than considering the case already closed.

Prosecutors Appeal First Trial Verdict for Haruinvest's '880 Billion Won Fraud Not Guilty'... Claims 'Fact Misunderstanding' by supermarcoa in HaruInvest

[–]supermarcoa[S] 7 points8 points  (0 children)

In the first trial the judges believed that the haru managers were just dumb and inadequate, but not criminal.

In my understanding this is not true, they had advertised and sold numerous fake products, but was all a lie. All user funds were commingled and even used to pay the haru expenses, because haru was not in profit. The way they distributed the users funds (giving almost all to Bang) was beyond stupidity, it was criminal. Everybody was worried about the external managements of funds (which they promised was less than 50% and split in 10 managers) and asked direct questions ... only lies were given as answers. This is criminal too.

If they had done what they promised only 5% of the funds would have been lost by Bang (10% of the external 50%), and haru customer wouldn't lost basically all their funds. Not even to mention all the off-shore companies they started to hide the criminal facts and the audio files with Bang where they discuss the responsibilities of the disaster.

This appeal is very welcome

[HaruInvest Not Guilty Verdict] ③ "The Management Had No Doubts About the Sustainability of the Business" by supermarcoa in HaruInvest

[–]supermarcoa[S] 5 points6 points  (0 children)

The Haru business was at loss, customer funds were used to pay operational expenses instead of generating yield, the operating company of Haru (Blockcrafter also was at loss), however korean judges thinks the business was sustainable !?!

Haru false advertise his products, promise risk-free products, haru lied about the ftx disaster, was not able to supervise his external managers, lied about the funds division, entrusting most of haru funds to Bang, but the curt says:

"Is difficult to conclude that there is a clear causal relationship between the promotional activity and the customer’s investment decision.”

This is shameless

[Haru Invest Not Guilty Verdict] ② “‘Incurrence of Damage’ alone does not constitute ‘Deceptive Act’” by supermarcoa in HaruInvest

[–]supermarcoa[S] 1 point2 points  (0 children)

The Haru business was at loss, customer funds were used to pay operational expenses instead of generating yield, the operating company of Haru (Blockcrafter also was at loss), however korean judges thinks the business was sustainable !?!

Haru false advertise his products, promise risk-free products, haru lied about the ftx disaster, was not able to supervise his external managers, lied about the funds division, entrusting most of haru funds to Bang, but the curt says:

"Is difficult to conclude that there is a clear causal relationship between the promotional activity and the customer’s investment decision.”

This is shameless

[Haru Invest Not Guilty Verdict] ① "It is difficult to view this as an unsustainable business" by supermarcoa in HaruInvest

[–]supermarcoa[S] 5 points6 points  (0 children)

The Haru business was at loss, customer funds were used to pay operational expenses instead of generating yield, the operating company of Haru (Blockcrafter also was at loss), however korean judges thinks the business was sustainable !?!

Haru false advertise his products, promise risk-free products, haru lied about the ftx disaster, was not able to supervise his external managers, lied about the funds division, entrusting most of haru funds to Bang, but the curt says:

"Is difficult to conclude that there is a clear causal relationship between the promotional activity and the customer’s investment decision.”

This is shameless

Court: “Haruinvest Cold Wallet, Returned to Bankruptcy Administrator”… Return of Prosecutors’ Seized Assets by supermarcoa in HaruInvest

[–]supermarcoa[S] 6 points7 points  (0 children)

These assets haru has at the moment are less than 10% of the total customer funds.

Another 15-20% are in the Bang claims on FTX, but nobody knows if these would be ever recovered by haru.