Dear Haru Invest members,
Haru Invest has been closely monitoring the recent volatile market situation and has been making immediate actions based on our internal risk management guidelines.
As a part of our risk management, Haru Invest has detected risk with FTX exchange before it spread and pulled all assets that were being managed on FTX.
During this process, there was no loss and was not impacted at all by the FTX exchange and the price drops in FTT tokens. To assure you, we have re-allocated assets only on exchanges with Proof of Reserve or posting guidelines regarding Proof of Reserve.
Given the current market circumstance, Haru Invest has implemented more conservative and risk-averse strategies focusing on capital preservation, which may cause a decrease in earn rates to a certain extent for the existing Earn Explore products. Nevertheless, we firmly believe that our first and utmost priority is to protect our members’ assets under our custody and such contingency measures would hedge risks in favor of our members in the long run.
Again, Haru Invest will continue to monitor the volatility of the market 24/7 and make necessary actions. We send our deepest sympathies to our members who may have been impacted by the market situation.
Haru Invest Team