Attack on Hugo Hyungsoo Lee, CEO of Haru Invest, in Courtroom

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by Giorgi Kostiuk

2 years ago

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


    4. On August 28, 2024, Hugo Hyungsoo Lee, CEO of the South Korean crypto yield platform Haru Invest, was attacked in Courtroom No. 306. The assault occurred at approximately 2:20 PM local time.

    Immediate Response

    Court security quickly intervened to subdue Mr. Kang, a man in his 40s who attacked Lee with a 5 cm knife. Lee was immediately transported by ambulance to the hospital. 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 renowned for offering double-digit yields on crypto deposits, has faced severe scrutiny after pausing withdrawals and deposits in June 2023. The company laid off employees and faced accusations of misappropriating customer funds. Last February, South Korean authorities arrested three executives, including Lee, on suspicion of stealing 1.1 trillion won (approximately $828 million) from 16,000 customers.

    Hugo Lee’s Troubles

    Hugo Lee was detained in February 2024 under the Aggravated Punishment Act for Certain Crimes. He was granted bail in July but remains under legal scrutiny. The fraud case continues to unfold, with Haru Invest and related companies like Delio under investigation for their financial practices.

    The attack on Hugo Hyungsoo Lee highlights the tension and public outcry surrounding Haru Invest and its executives. The legal proceedings continue, and the company's future remains uncertain.

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