Hugo Hyungsoo Lee, the CEO of South Korean crypto yield platform Haru Invest, was brutally attacked in a courtroom on August 28, 2024.
Immediate Response
Court security quickly intervened to subdue the attacker, identified as Mr. Kang, a man in his 40s. Mr. Lee was immediately transported to the hospital by emergency services. Mr. Kang is currently detained by Seoul Yangcheon Police and is under investigation.
Background of the Case
Haru Invest, known for offering double-digit yields on crypto deposits, has been under severe scrutiny since June 2023 when it paused withdrawals and deposits. The company fired around 100 employees and is accused of misusing customer funds. In February 2024, South Korean authorities arrested three executives from Haru Invest, including Hugo Lee, on allegations of stealing 1.1 trillion won (approximately $828 million) from around 16,000 customers.
Hugo Lee’s Troubles
Hugo Lee has faced significant legal troubles. He was detained in February and charged under the Aggravated Punishment Act for Certain Crimes. He was granted bail in July but remains under legal scrutiny as the fraud investigation continues against Haru Invest and related companies.
The investigation into the fraud case against Haru Invest and its executives, including Hugo Lee, is ongoing.
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