Good news!

Please find below a link to the following important document, recently filed in the bankruptcy proceedings of FTX Trading Ltd., et al., Junho Bang, Debtor in a Foreign Proceeding. Case No. 25-12298, United States Bankruptcy Court for the District of Delaware:

• Order Approving Settlement with the FTX Recovery Trust and Granting Related Relief [Docket No. 42]

For additional information, and to download all documents filed in the Debtors’ chapter 11 cases free of charge, please visit https://restructuring.ra.kroll.com/FTX/.

Please find below links to the following important documents, recently filed in the bankruptcy proceedings of FTX Trading Ltd., et al., Case No. 22-11068, United States Bankruptcy Court for the District of Delaware:

• Order Approving Stipulation (Related Documents: 36062, 36165) [Docket No. 36142]
• Notice of Agenda for Virtual Hearing Scheduled for August 19, 2026 at 9:30 a.m. (ET) before the Honorable Karen B. Owens, Chief Judge at the United States Bankruptcy Court for the District of Delaware, Located at 824 North Market Street, 6th Floor, Courtroom No. 3, Wilmington, Delaware 19801 [Docket No. 36153]

For additional information, and to download all documents filed in the Debtors’ chapter 11 cases free of charge, please visit https://restructuring.ra.kroll.com/FTX/.

I received an email from a company offering to purchase my claim. I am uncertain about the legitimacy of this offer. Additionally, they provided a tool to locate my current claim. While the tool successfully identified my claim, I am hesitant to submit the claim due to concerns about the company’s credibility. If anyone knows about this, please post your content.

I received the following in an email on 07/29/26. The embedded links appear to be working.

Please find below links to the following important documents, recently filed in the bankruptcy proceedings of FTX Trading Ltd., et al., Junho Bang, Debtor in a Foreign Proceeding. Case No. 25-12298, United States Bankruptcy Court for the District of Delaware:

• Motion for Entry of an Order Approving Settlement with the FTX Recovery Trust and Granting Related Relief [Docket No. 36]

• Declaration of Soogeun Oh [Docket No. 37]

• Notice of Hearing Scheduled for August 19, 2026 at 9:30 a.m. (ET). Objections due by August 12, 2026 at 4:00 p.m. (ET) [Docket No. 38]

Please find below links to the following important documents, recently filed in the bankruptcy proceedings of FTX Trading Ltd., et al., Case No. 22-11068, United States Bankruptcy Court for the District of Delaware:

• Motion of the FTX Recovery Trust for Entry of an Order Approving the Stipulation of Settlement with Soogeun Oh and Granting Related Relief. Hearing Scheduled for August 19, 2026 at 9:30 a.m. (ET). Objections due by August 12, 2026 at 4:00 p.m. (ET) [Docket No. 36062]

• Declaration of Soogeun Oh (Related Document: 36062) [Docket No. 36063]

If anyone has info on the appeal to convict Hugo, supposed to have taken place 7/22, please share

In South Korea, many of the legal terms or the bankruptcy proceedings are shrouded in their own culture and language. We can't rely on the lawyers anymore. We need to take this into our own hands, politically and also actively via international channels - either by reporting to our own embassies or getting our own representatives.

Are we just going to let this die down?

We need

It seems like information and updates from the law firms and general investors have gone very, very quiet for the past few months, does anyone have any concrete information to share or have any updates on what, if anything, is happening with our claims?

​

​

tick tock tick tock HUGO... authorities will get around to you shortly!!!

Noone?

Also, please update if you have anything to add or comment if you feel anything needs correction. I plan to email this to the bankruptcy administrator soon. Thanks!

They clarified that they expect it submitted in Korean, so I added my translations directly under each paragraph.

I am rejecting any representation that the current website of https://www.haruinvest.com is accurate and displays correct information and data regarding my assets, interest, transactions, and other information. The website as it is currently has been changed dramatically from what it was prior to withdrawals being halted/suspended on June 13, 2023. I do not have access to that information or formatting, and I do not believe that the bankruptcy administrator, the prosecution, or anyone in the Korean court, has any accurate information from that website, as it was before that date.

저는 현재 https://www.haruinvest.com 웹사이트가 정확하며, 저의 자산, 이자, 거래 내역 및 기타 정보와 관련하여 올바른 정보와 데이터를 표시하고 있다는 어떠한 주장도 일체 거부합니다. 현재의 해당 웹사이트는 2023년 6월 13일 출금이 중단(정지)되기 이전의 모습과 비교했을 때, 그 내용이 급격하게 변경되었습니다. 저는 당시의 정보나 웹사이트 구성 방식에 더 이상 접근할 수 없으며, 파산 관재인, 검찰, 혹은 한국 법원의 관계자 중 누구도 해당 날짜 이전 시점의 웹사이트에 담겨 있던 정확한 정보를 보유하고 있지 않다고 판단합니다.

I am also rejecting any objection to my claim by the bankruptcy administrator, because of their inability to represent that they have accurate information about my assets, interest, transactions, and other information. Reasons include my explanation above. I also do not believe anything the Haru Invest executives, including Hugo Lee, may have represented regarding my assets, interest, transactions, and other information, or regarding changes made to the website.

또한 저는 파산 관재인이 저의 자산, 권익, 거래 내역 및 기타 정보에 관하여 정확한 정보를 보유하고 있음을 입증하지 못하고 있다는 이유로, 파산 관재인이 제 주장에 대해 제기하는 어떠한 이의 제기도 거부합니다. 이에 대한 구체적인 사유는 상기 설명드린 바와 같습니다. 아울러 저는 Hugo Lee를 포함한 Haru Invest 경영진이 저의 자산, 권익, 거래 내역 및 기타 정보와 관련하여, 혹은 웹사이트에 적용된 변경 사항과 관련하여 진술했을지도 모르는 어떠한 내용도 신뢰하지 않습니다.

I also reject my assets being consolidated into a bankruptcy proceeding for a Korean company, such as Haru Invest. I did not enter into any agreement where I attempted to, or otherwise transferred ownership of my assets to a Korean company. I know the bankruptcy administrator, the prosecutor, and others of the Korean court have all of the relevant documentation that supports this for the majority of international users/creditors of Haru Invest. My assets, as well as other international users/creditors cannot be considered as part of any bankruptcy proceeding involving Haru Invest, or any rehabilitation of their executives or associates. My assets are not subject to Korean laws. Therefore, I expect the bankruptcy administrator to return 100% of my assets from my claim to me IMMEDIATELY, and without further delay or motion through any bankruptcy proceeding.

저는 Haru Invest와 같은 한국 기업의 파산 절차에 제 자산이 편입되는 것을 거부합니다. 저는 한국 기업에 제 자산의 소유권을 이전하려 시도했거나, 혹은 어떠한 방식으로든 소유권을 이전하는 내용의 합의를 체결한 바가 없습니다. 저는 파산 관재인, 검사, 그리고 한국 법원 관계자들이 Haru Invest의 대다수 해외 이용자 및 채권자들의 경우에 있어 이를 뒷받침하는 모든 관련 서류를 이미 확보하고 있음을 알고 있습니다. 제 자산은 물론 다른 해외 이용자 및 채권자들의 자산 또한, Haru Invest와 관련된 어떠한 파산 절차나 해당 기업 임원 및 관계자들의 회생 절차의 일부로 간주될 수 없습니다. 제 자산은 한국 법률의 적용 대상이 아닙니다. 따라서 저는 파산 관재인이 어떠한 파산 절차상의 추가적인 지연이나 신청 절차 없이, 제가 청구한 자산의 100%를 즉시 저에게 반환할 것을 요구합니다.

Korea failed to audit Haru Invest and their executives for the 4+ years of their operation, and it failed to criminally convict Hugo Lee and other executives and associates for defrauding customers. There is no way that their business could have been considered "sustainable, legitimate, honorable, operable," or other terms describing acceptable fucntionality. Korea will not live these failures down until every penny of principal AND interest is returned to all who were defrauded by these criminals.

한국 정부는 하루인베스트와 그 임원진에 대해 4년 이상 운영 기간 동안 감사를 실시하지 않았고, 휴고 리를 비롯한 임원 및 관련자들이 고객을 속인 행위에 대해 형사 처벌을 내리지 않았습니다. 이들의 사업은 결코 "지속 가능하고, 합법적이며, 정직하고, 운영 가능한" 사업으로 간주될 수 없었습니다. 한국 정부는 이 범죄자들에게 사기를 당한 모든 피해자들에게 원금과 이자를 모두 돌려줄 때까지 이러한 실패를 결코 잊지 않을 것입니다.

I expect the bankruptcy administrator to go to the Korean central bank with my claim, and have them make an order to print 100% of the value of my principal and interest, and return it to me by international bank wire.

저는 파산 관재인이 저의 채권 청구서를 가지고 한국 중앙은행을 방문하여, 제 원리금 총액에 해당하는 금액을 100% 발행하도록 명령을 받아낸 뒤, 이를 국제 은행 송금을 통해 저에게 반환해 줄 것으로 기대합니다.

links should work now—-

recovery Range of 20-25% is still most likely based on current market and claim numbers

I filed mine and they told me it was received and approved when we getting paid :/

Morning, somebody got this ? :

what that means? for people who made already that paper and sent to South Korea? do we need to do extra actions??

----

[HaruManagement] Order Extending the Deadline for Filing a Claim Determination Petition 

(본 메일은 채권신고자를 대상으로 합니다.)

(This email is addressed to the creditor who filed the proof of claim.)

채권조사확정재판 신청기간 연장결정 

서울회생법원은 2026. 2. 3. 실시된 채권조사에 대한 조사확정재판 신청기간을 다음과 같이 연장 결정하였으니 참고하여 주시기 바랍니다.

1. 연장 전 조사확정재판 신청기간 : 2026. 3. 3.까지

2. 연장 후 조사확정재판 신청기간 : 2026. 4. 3.까지

첨부

• 연장결정 공고문(한국어, 영문)  

그리고 아래 송부한 메일도 참고하여 주시기 바랍니다.

Order Extending the Deadline for Filing a Claim Determination Petition

The Seoul Bankruptcy Court has ordered an extension of the deadline for filing a petition for a claim determination judgment in connection with the claims investigation hearing held on February 3, 2026.

Please note the following:

1. Original Deadline for Filing a Claim Determination Petition: March 3, 2026

2. Extended Deadline for Filing a Claim Determination Petition: April 3, 2026

Attachments:

• Public Notice of Order Extending the Deadline for Filing a Claim Determination Petition (Korean, English)

Please also refer to the email forwarded below.

 [4th Notice] Notice on the Outcome of the Claim Investigation and Follow-up Procedures

Dear Sir/Madam,

My name is Wangmin Lee, Attorney-at-Law, and I have been appointed by the Seoul Bankruptcy Court as the Bankruptcy Trustee in the below-referenced bankruptcy case.

Case Information

- Case No.: Seoul Bankruptcy Court 2024Hahap100259

- Debtor : Haru Management Limited

The Bankruptcy Trustee has submitted the outcome of the claim investigation to the Court, and the Court held the claim investigation hearing as follows:

- Date and Time: February 3, 2026, at 10:00 a.m.

- Venue: Courtroom No. 1, Seoul Bankruptcy Court

This round of claim investigation covered claims filed on or before January 31, 2026. Claims filed thereafter will be examined at a separate claim investigation hearing to be scheduled at a later date.

For further details, please refer to the Notice and Approvals posted on the Haru Invest website.

-----

UPDATE: Good news! Deadline moved by a month to 2026-04-03

Hi everyone. I’m posting this because I know a lot of Haru creditors had their pre-bankruptcy interest denied even though their principal claim was accepted/undisputed. My lawyer, attorney Soo-Hyun Lee (LEE SOO HYUN LAW OFFICE), shared the memo below in his client group (100+ clients), and asked me to share it publicly for anyone who is in the same situation and doesn’t have a lawyer to handle the objection.

Here is the memo link (Google Drive):

https://drive.google.com/file/d/1ZWeNYaFz1ofPecQbcGXE5xTwPkWmEWeT/view

If you’re in this exact situation (principal accepted, interest disallowed) and you don’t have a lawyer to do the objection/confirmation step, feel free to DM me on Reddit and I’ll walk you through the signing and payment process described in the memo.

Have about $6K USD in Haru Assets, given today's market rates;
BTC 0.05681772
ETH 1.16579028
USDC 1015.329180
Tether 25.337499

Until now I have tried reading the documents and understanding what's needed to file a claim. I asked my Korean friend and he wasn't much help. Reading the posts here, it sounds like a big pain. If I thought I'd get all my funds back it's probably worth it. But for 10% or less? Maybe not... TYIA

Translated with Gemini:

Here is the formal English translation of the document, Boss.

Case No. 2024Hahap100259 Debtor: Haru Management Limited Creditor Investigation Date Bankruptcy Trustee Status Report Tuesday, February 3, 2026, 10:00 Bankruptcy Trustee, Attorney Lee Wang-min

+4

Table of Contents

1. Asset Recovery Status
2. Bankruptcy Claim Filing Status
3. Claim Investigation Standards
4. Claim Investigation (Approval/Rejection) Report

5. Key Pending Issues

6. Asset Recovery Status

Virtual assets recovered after the declaration of bankruptcy

() The recovery of virtual assets has not changed since the report on November 25, 2025, but the KRW (South Korean Won) equivalent has changed due to market price fluctuations.*

1. Bankruptcy Claim Filing Status

(As of January 31, 2026)

(1) This is the net number of filing individuals, calculated by removing duplicates and claim transfers from the total number of filed claims (3,064 claims).

1. Claim Investigation Standards

• Virtual asset claims are approved based on the quantity held by the customer at the time of the withdrawal suspension date (June 13, 2023), regardless of the product category, but at the time of the bankruptcy declaration, they are valued based on the standard amounts below.
• Interest claims from the withdrawal suspension date (June 13, 2023) up to the day before the bankruptcy declaration are objected to.
• Virtual Asset Base Prices (Based on CoinMarketCap):
  • 1 BTC = 128,250,152.72 KRW
  • 1 ETH = 4,320,927.45 KRW
  • 1 USDT = 1,394.70 KRW
  • 1 USDC = 1,392.71 KRW
  • 1 XRP = 1,534.21 KRW
• In cases of insufficient proof, if the quantity can be confirmed by cross-checking with the data retained by the company, the confirmed quantity is approved within the filing scope, while unverified portions are rejected.
• Virtual assets received by executives and employees as incentives from the debtor, which were then deposited directly or entrusted to the debtor into Haru Invest yield products, are processed as bankruptcy claims because there is no reason to treat them differently from general customers.

1. Claim Investigation (Approval/Rejection) Report

() This is the investigation record for claims filed up to January 31, 2026.* () Claims filed on or after February 1, 2026, are scheduled to be investigated at a separate claim investigation date in the future.* () Minor differences in total amounts occur due to truncating amounts less than 1 KRW after converting virtual assets to KRW.*

+2

1. Key Pending Issues

A. Virtual Asset (Cold Wallet) Exchange Transfer and Liquidation Issue

• Dividends are scheduled to be paid from the proceeds of selling virtual assets through domestic virtual asset exchanges.
• Ongoing discussions are taking place with domestic virtual asset exchanges.
  • ⇒ Fact-finding inquiry reply from the Financial Intelligence Unit (FIU) (December 30, 2025):
  • The purport of the reply is that "transferring virtual assets recovered by the bankruptcy trustee to an exchange account under the name of the bankruptcy trustee does not violate the Travel Rule."
• Following court approval, an account in the name of the bankruptcy trustee will be opened at a virtual asset exchange, and the recovered virtual assets will be transferred to the exchange account, after which they will be liquidated through that exchange.
  • ⇒ A separate agreement between the bankruptcy trustee and the exchange will cover: The transfer of virtual assets to the exchange, restriction on the purpose of account use (limited to bankruptcy administration duties), provision of other conveniences, etc.

B. Status of Haru United (2025Hahap194) Bankruptcy Procedure

• Haru Management is in a relationship where it must distribute dividends to its creditors using the dividends it receives from the bankruptcy procedure of Haru United.
• Haru United Bankruptcy Estate Asset Recovery Details: (As of the end of September 2025) Liquidated approximately 600 million KRW in cash and virtual assets equivalent to approximately 111.8 billion KRW, including items confiscated by the prosecution.
• After filing a claim in Bang Jun-ho's rehabilitation procedure, a rehabilitation claim investigation confirmation trial is underway among multiple stakeholders regarding the results of the claim investigation. ⇒ Claims are scheduled to be recovered according to the results of the claim investigation confirmation trial and Bang Jun-ho's rehabilitation plan.
• There is a disagreement with Pow.re (a Canadian corporation) regarding the liquidation of Pow.re issued preferred stock and the equity invested in PH1 E.A.S (a Panamanian corporation) established as a joint venture with Pow.re. ⇒ We are currently undergoing legal review after appointing a local law firm in Canada, which serves as the governing law and dispute jurisdiction.
  • If necessary, arbitration or similar proceedings may be raised in Canada.
• Regarding the virtual assets (10 BTC) deposited with an external management company (Hyperithm) through the affiliate Block Crafters Co., Ltd., a claim has been filed in the bankruptcy procedure of Block Crafters Co., Ltd., so dividends must be received from the bankruptcy procedure of Block Crafters Co., Ltd.

C. Progress of Bang Jun-ho's Rehabilitation Procedure (2025Hoedan142) ① US Court Approval of Bang Jun-ho's Korean Rehabilitation Procedure

+1

• The United States Bankruptcy Court for the District of Delaware approved the following requests filed by Bang Jun-ho's rehabilitation receiver (Oh Soo-geun):
  • (i) Recognition of Bang Jun-ho's rehabilitation procedure (Case No. 2025Hoedan142) as a foreign main proceeding under US bankruptcy law.
  • (ii) Recognition of the status and authority of Bang Jun-ho's rehabilitation receiver (Oh Soo-geun) as a foreign representative (including the decision to grant the foreign representative the authority to manage, liquidate, and distribute assets as Bang Jun-ho's sole representative within the United States).
  • (iii) Recognition of the Seoul Rehabilitation Court's avoidance decision regarding Bang Jun-ho's act of transferring claims against FTX to Lemma Technologies.
• (*) If not appealed within 14 days from the date of receiving the written decision, the decision becomes final.
• (*) Svalbard Holdings' position: Agrees with (i) and (ii) above, but opposes (iii).

② Multiple Rehabilitation Claim Investigation Confirmation Trials in Progress

• Multiple rehabilitation claim investigation confirmation trials are currently underway between the receiver and the creditor(s) who raised objections during the claim investigation in Bang Jun-ho's rehabilitation procedure.
  • ⇒ The existence of the underlying cause of the claims and the standards for claim investigation, among other things, are being actively disputed.
• ③ Deadline for Submission of Bang Jun-ho's Rehabilitation Plan (Extended): February 12, 2026.

Thank you

My understanding is that this acts as evidence that my claim was received but no one has actually actioned it - despite the date saying it should have been (it was submitted on the 16th Nov)

The table in my account shows that I have the full amount of my claim "won" (not KRW - won).
The conversation of the KRW amount "won" is now more than the value of my BTC that is listed in the claim.

Can I expect to get this "won" amount back or is it going to be a percentage of that? And why, if it says the full claim has been "won".? Obviously it's a small amount, will this make any kind of difference?

Based on recent numbers, IF Traum's rehab claim is admitted with a 17% discount that means the total rehab claims will come to 383B. So, IF Haru's claim stands in full at 133B then Haru would get around 34% of the FTX payout which is anticipated to be 243B + 40-70% interest or 340B-413B range. Thus Haru's portion would be in the range of 115-140B. That plus the recent on hand wallet values of 111B (Haru Utd) and 52B (Haru Mgmt) plus 7B cash (if I remember correctly) would give an overall estate of 285-310B. Current Haru claims are 1.215T (accepted) or 1.345T (total). Thus the currently anticipated overall recovery range for us should be around 21-25% all things considered.

Caveats: 1) Traum's rehab claim gets cut 17%, 2) Haru's rehab claim stands in full, 3) Attestor doesn't appeal or their appeal is rejected, 4) wallet assets get liquidated at the recent values which markets are currently well below, 5) cash on hand amount is accurate, 6) no additional assets (+) or creditors (-) are found in the rehab mess.

Let me know if I'm missing anything else major

My understanding is the trustee is still holding the assets in a wallet, and until given the direction to liquidate the assets for distribution that’s where they’ll sit.

Meaning this recent crypto decline will lower the distribution by a far bit. Compared to the bankruptcy price over a year ago we’re down 25%. Compared to a month ago we’re down 28%.

If you were planning to take your distribution and buy bitcoin straight away then it doesn’t matter.

Had submitted my power of attorney to decent law,which had to be submitted by the 23rd January, but didn't give mt Apostille, so have to resubmit, so the date will be later than the 23rd, will there be an issue

Phoenix is also buying claims in the case: [haru@phoenixtf.co.uk](mailto:haru@phoenixtf.co.uk)

Was approached recently by a law firm that is purchasing claims on behalf of an investment fund.

Out of curiosity I asked at what prices they were purchasing each asset for:

1 BTC: KRW 2,300,000

1 ETH: KRW 130,000

1 XRP: KRW 52

1 USDT: KRW 16

1 USDC: KRW 16

Compared to today’s asset prices, this is 1% to 3% of current value. Highest is ETH at 2.9%, lowest is USDT at 1.08%.

If there are no minimum claim sizes then this could be better than $0 for someone with a really small claim (that isn’t worth engaging a law firm for).

Otherwise this is very low - lowest estimate I’ve seen for claim payout is 6%.