A crypto CEO was stabbed in the courtroom during a fraud trial

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Hugo Hyungsoo Lee, the Chief Executive Officer of Haru Invest, was assaulted in a courtroom in Seoul, as his firm is struggling with significant suspicions of fraud.

Lee suffered numerous knife wounds to the neck at the hands of a person who had previously been a customer of Haru Invest.

The attack took place during a trial in which Lee and other executives are accused of stealing bitcoin worth around 826 million dollars from approximately 16,000 members of the cryptocurrency community. Lee was allegedly struck with a tiny knife by the assailant before he was made to be sent to the hospital as soon as possible.

Haru Invest had unexpectedly stopped all withdrawals earlier in the month of June 2023, a decision that led to further issues with other financial institutions that had cash with the business.

In the continuing investigation, accusations have been brought against the senior executives of Haru Invest for allegedly wasting client funds, which they allegedly reinvested rather than managing as they had promised.

At the beginning of 2024, the executives, including Lee, were taken into custody and substantial claims of financial impropriety were brought against them.

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