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Hugo Lee, CEO of Haru Invest, Attacked in Courtroom

Sep 6, 2024
  1. Immediate Response
  2. Background of the Case
  3. Hugo Lee’s Troubles

Hugo Hyungsoo Lee, the CEO of South Korean crypto yield 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

The court security quickly intervened to subdue the attacker, Mr. Kang. Mr. Lee was immediately transported to the hospital by ambulance. His clothing was stained with blood. Mr. Kang was detained by officers from the Seoul Yangcheon Police Station and is currently under investigation.

Background of the Case

Haru Invest, once known for offering double-digit yields on crypto deposits, has faced severe scrutiny since it paused withdrawals and deposits in June 2023. The company dealt with issues, including firing around 100 employees, and faced allegations of being involved in a 'rug pull' scam. Prosecutors claim that Haru Invest executives advertised their investment techniques as 'risk-free' while misusing customer deposits.

Hugo Lee’s Troubles

Hugo Lee's legal troubles are significant. He was arrested in February 2024 on charges of stealing 1.1 trillion won (approximately $828 million) from around 16,000 customers. Although he was granted bail in July, he remains under legal scrutiny. The fraud case continues to unfold, with Haru Invest and related companies like Delio under investigation.

The courtroom attack underscores the severity of the legal issues facing Hugo Lee and his company, Haru Invest. Further developments are expected as investigations continue.

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