On August 28, 2024, Hugo Hyungsoo Lee, CEO of South Korean crypto yield platform Haru Invest, was attacked in a courtroom. The attack took place in Courtroom No. 306 at approximately 2:20 PM local time.
Immediate Response
Court security quickly intervened to subdue Mr. Kang, a man in his 40s, who had smuggled a 5cm knife into the courtroom and launched a sudden attack on Mr. Lee. Mr. Lee was immediately transported to the hospital by ambulance with significant injuries to his neck. His clothing was stained with blood by the time he was taken from the courtroom. Mr. Kang was detained by officers from the Seoul Yangcheon Police Station and is currently under investigation.
Background of the Case
Haru Invest, once known for offering high yields on crypto deposits, has been under severe scrutiny since it paused withdrawals and deposits in June 2023. The company cited issues with service partners and subsequently fired around 100 employees. Reports suggest that Haru Invest might have been involved in a 'rug pull' scam, where founders disappear with investors' funds. The company's troubles were compounded by allegations of misappropriation of customer funds. Prosecutors claim that Haru Invest executives advertised their investment techniques as 'risk-free' while misusing customer deposits. In February 2024, South Korean authorities arrested three executives, including Lee, on allegations of stealing 1.1 trillion won (approximately $828 million) from around 16,000 customers.
Hugo Lee's Troubles
Hugo Lee’s legal troubles have been significant. He was detained in February 2024 and charged under the Aggravated Punishment Act for Certain Crimes. Though he was granted bail in July, he remains under legal scrutiny. The ongoing fraud case continues to unfold, with Haru Invest and related companies like Delio under investigation for their financial practices.
The situation with the attacker and the legal issues surrounding Haru Invest continue to develop. Stay tuned for updates as events unfold.
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