A South Korean man was charged with attacking the CEO of Haru Invest after significant losses following the company's bankruptcy. The defendant could face 10 years in prison.
Attack on Lee Hyung-soo
In August 2024, at a South Korean court, a 51-year-old man known by his last name Kang stabbed Haru Invest CEO Lee Hyung-soo multiple times around the neck. According to Kang, his actions were driven by emotional and financial stress caused by losing approximately $8.3 million.
Reactions and Legal Details
The Southern District Prosecutors’ Office in Seoul demanded a 10-year prison sentence for Kang, while his lawyers argued for a charge of aggravated assault due to emotional stress. Victims' association of Haru Invest sought Kang’s release, claiming that fraud victims shouldn't be punished like those who embezzle significant amounts.
Financial Losses and Legal Measures
Haru Invest's bankruptcy declaration followed crypto fraud accusations, causing investors to lose approximately 1.4 trillion Korean won. To protect crypto asset users, the South Korean government enacted a 2023 law for improved market regulation, though many find it insufficient.
The trial highlights the complexity of crypto industry regulation and the need for robust investor protection. Financial losses can lead to extreme actions, as shown by Kang's case.
