South Korean prosecutors have issued an arrest warrant for Bang, a key figure in the investigation into the suspension of withdrawals by local cryptocurrency loan company Delio and investment company Haru Invest. Bang owns a large portion of B&S Holdings, and Haru Invest claims that the company is the root cause of the service suspension. Due to local media privacy regulations, Bang's full name has not been disclosed. On June 14, 2023, Delio claimed to have processed over $1 billion worth of cryptocurrency in its lending service, and the company suspended user withdrawals. Delio attributed this suspension to Haru Invest, a cryptocurrency investment management company that suddenly stopped depositing and withdrawing funds from Delio. On the same day, Haru filed a criminal lawsuit against consignment operator B&S Holdings, accusing the company of deceiving it by providing false management reports. According to a previous report by Digital Asset, Haru claimed that B&S lost 350 billion won ($262 million) in funds in the collapsed FTX exchange.