A South African crypto investment platform, Revix, remains hopeful as it awaits the outcome of an asset recovery proposal presented by its custody partner, Haru Invest. This proposal could potentially grant users access to frozen funds, although a definite timeline is yet to be determined.
South African cryptocurrency investment platform, Revix, has expressed optimism regarding the asset recovery proposal presented by its custody partner, Haru Invest. This proposal aims to unblock users’ funds that were restricted following the suspension of withdrawals by Haru Invest, which is based in South Korea. While this development is seen as a positive step, the CEO of Revix, Sean Sanders, remains uncertain about when the recovery process will be completed.
Comparisons have been drawn between this situation and recent events involving Celsius and Haru Invest. However, Sanders cautioned against making hasty conclusions, as the full details of the situation at Haru Invest are yet to emerge. Nonetheless, Haru Invest has publicly indicated its intention to distribute the assets it holds, suggesting a potential return of value to affected users.
Revix is closely monitoring the recovery efforts and has engaged with regulators in the hope of expediting the resolution of this matter.