According to South Korean media Digitalasset, South Korean prosecutors seized about 50 billion won in virtual assets in their investigation of the Haru Invest fraud case, and most of Haru Invest's assets lost about 400 billion won due to the commission of Bang, the head of B&S Holdings. On June 25, at a public trial at the Seoul Southern District Court, prosecutors revealed that the seized virtual assets included 30 billion won in cold wallets and 20 billion won in other assets. Prosecutors also pointed out that some virtual assets may exist in the form of FTX bonds. In February of this year, South Korean prosecutors arrested and charged three executives of Haru Invest with stealing about 1.1 trillion won (US$826 million) worth of cryptocurrencies from about 16,000 users.