đȘ South Korean Crypto CEO STABBED in Court Amid Fraud Trial
The CEO of Haru Invest, Hugo Hyungsoo Lee, was stabbed multiple times in the neck during a court session in Seoul. This shocking attack occurred during a trial involving Haru Invest executives accused of embezzling $826 million in cryptocurrency from around 16,000 users.
The assailant, reportedly one of Haru Invest's victims, lunged at Lee from the audience, armed with a small knife. Lee was swiftly transported to the hospital.
Background on Haru Invest Fraud Case: Haru Invest abruptly suspended withdrawals on June 13, 2023, leading to a massive fallout. South Korean prosecutors have since charged three of the firmâs top executives with misappropriating user funds. They allege that from March 2020 to June 2023, these executives falsely promoted the companyâs stability while secretly reinvesting customer deposits into high-risk ventures. Lee was arrested in connection with the case but was released in July, just before the trial.
Rise in Physical Crypto-Related Crimes: This stabbing highlights a worrying trend of physical violence linked to cryptocurrency. Just weeks ago, a gang in Thailand robbed over $2 million in crypto at gunpoint. Other incidents include kidnappings in Ukraine for Bitcoin ransoms and a machete attack in London where thieves forced a victim to transfer $2.5 million in Ether.
As crypto becomes more mainstream, both cyber and physical threats are escalating, underscoring the need for enhanced security measures in the digital asset space.
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