On August 28, 2024, Hugo Hyungsoo Lee, the CEO of South Korean crypto yield platform Haru Invest, was brutally attacked in a courtroom. The assault occurred 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. Hugo Lee suffered multiple stab wounds to his neck, causing significant bleeding and leaving a large bloodstain on the courtroom floor. Mr. Lee was immediately transported to the hospital. Officers from the Seoul Yangcheon Police Station detained Mr. Kang, who 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. Last February, South Korean authorities arrested three executives, including Lee, from the company 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 surrounding Haru Invest and its CEO Hugo Hyungsoo Lee remains complex and requires further investigation. Legal proceedings and allegations of financial fraud continue to unfold, making this one of the most notable cases in South Korea's financial sector.
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