• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Attack on Haru Invest CEO in South Korean Court

user avatar

by Giorgi Kostiuk

a year ago


  1. Immediate Response
  2. Background of the Case
  3. Hugo Lee’s Troubles

  4. Hugo Hyungsoo Lee, the CEO of South Korean crypto platform Haru Invest, was brutally attacked in a courtroom on August 28, 2024. The assault took place in Courtroom No. 306 at approximately 2:20 PM local time.

    Immediate Response

    Court security quickly intervened to subdue the attacker, Mr. Kang, a man in his 40s, who had smuggled a 5 cm knife into the courtroom. Mr. Lee was immediately transported to the hospital by emergency services. His clothing was stained with blood, and a significant amount of blood was left on the courtroom floor. Mr. Kang was detained by officers from the Seoul Yangcheon Police Station and is currently under investigation for the violent attack.

    Background of the Case

    Haru Invest, once touted for offering double-digit yields on crypto deposits, has been facing 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 problems 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 incident underscores the severity of the situation surrounding the crypto platform Haru Invest and amplifies public attention on the ongoing investigation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Regulatory Developments Boost Bitcoin's Credibility

chest

Recent regulatory stances provide institutional alignment for Bitcoin, enhancing its adoption and market credibility.

user avatarRajesh Kumar

Retail Investors Face $17 Billion Loss in Bitcoin Holding Companies

chest

Retail investors have incurred significant losses due to the collapse of stock premiums in Bitcoin holding companies, resulting in an estimated $17 billion loss.

user avatarLucas Weissmann

Bitcoin Holding Firms' Premium Collapse Mirrors Grayscale Trust

chest

The loss of premium in Bitcoin holding firms reflects a broader trend in declining retail valuation for Bitcoin proxies.

user avatarFilippo Romano

South Korea's Crackdown on Cybercrime and Trafficking

chest

South Korea's President Lee Jae Myung calls for urgent action against illegal job ads linked to cybercrime in Southeast Asia, aiming to enhance international cooperation to combat trafficking.

user avatarEmily Carter

64 South Koreans Repatriated from Cambodia for Cybercrime Involvement

chest

South Korea has repatriated 64 nationals from Cambodia for their involvement in cybercrimes, including cryptocurrency scams targeting local and international victims.

user avatarTomas Novak

Cronos Partners with AWS to Enhance Blockchain Scalability

chest

Cronos has announced a partnership with Amazon Web Services to improve blockchain scalability and support tokenization.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.