South African Crypto Platform Pins Hope on ‘Phased Asset Recovery’ Proposal
The South African cryptocurrency investment platform Revix has said it is hopeful an asset recovery proposal put forward by its custody partner
Haru Invest will ultimately result in users regaining access to blocked funds. However, Sean Sanders, the
CEO of Revix, noted that while this may be positive news for users, his company is still unsure of when this process is set to be completed.
Although some have drawn parallels between what happened to
Celsius and Haru Invest, in his
remarks published by Moneyweb, Sanders said it is still premature for anyone to make such conclusions.
“It’s not correct to compare Haru to Celsius just yet, as information hasn’t emerged on what exactly happened at Haru. However, Haru has publicly communicated that it plans to distribute assets it holds, which infers that there is value to be returned,” Sanders reportedly said.
The CEO added that
his firm will continue to monitor the recovery efforts as well as ensure users get the highest possible value. According to the Moneyweb report, Revix has engaged regulators with the hopes that
this will also help expedite the resolution of the matter.
