- Immediate Response
- Background of the Case
- Hugo Lee’s Troubles
Hugo Hyungsoo Lee, the CEO of the South Korean crypto yield platform Haru Invest, was brutally attacked in a courtroom on August 28, 2024. The incident took place in Courtroom No. 306 at approximately 2:20 PM local time.
Immediate Response
Court security quickly intervened to subdue the attacker. Hugo 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, the assailant, was detained by the police 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 has also been accused of misusing customer funds while advertising their investment techniques as 'risk-free'.
Hugo Lee’s Troubles
Hugo Lee's legal troubles have been significant. 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. Though Lee was granted bail in July, he remains under legal scrutiny. The ongoing fraud case continues to unfold, with Haru Invest and affiliated companies like Delio under investigation for their financial practices.
The attack on Hugo Lee highlights the serious issues faced by Haru Invest and the ongoing investigation into its activities.
