CEO of South Korean Crypto Firm Haru Invest Stabbed During Trial: Reuters

Haru Invest CEO Hyung-soo ‘Hugo’ Lee was stabbed during his appearance in court during a trial for fraud.
Lee’s injuries are not life threatening and the police have caught the attacker.

The CEO of South Korean crypto yield firm Haru Invest, Hyung-soo ‘Hugo’ Lee, was stabbed while appearing in court during his fraud trial, Reuters reported on Thursday.

Lee, was stabbed in the neck by a man in his 50s at the Seoul Southern District Court on Wednesday, an official at Seoul Yangcheon Police Station said, according to Reuters. Lee was taken to hospital with injuries that were not life threatening. Police have caught the attacker.

In February, three Haru Invest executives were arrested for allegedly stealing 1.1 trillion won ($828 million) worth of crypto from around 16,000 customers, local news outlets reported.

The firm paused withdrawals and deposits last year in June and said there were issues with service partners. It also fired around 100 employees near that time.

Edited by Sheldon Reback.

Disclosure

Please note that our

cookies,

and

do not sell my personal information

has been updated

CoinDesk is an

award-winning

media outlet that covers the cryptocurrency industry. Its journalists abide by a

strict set of editorial policies.

In November 2023

, CoinDesk was acquired

by the Bullish group, owner of

Bullish,

a regulated, digital assets exchange. The Bullish group is majority-owned by

Block.one; both companies have

interests

in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Follow @camomileshumba on Twitter

Share this: