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

As a seasoned crypto investor with a knack for staying informed about industry developments, I was taken aback by the news of Hyung-soo ‘Hugo’ Lee, the CEO of Haru Invest, being stabbed during his court appearance. Having navigated through the volatile and unpredictable world of cryptocurrencies for years, I can say that this incident is a stark reminder that even in the digital realm, human drama and adversity are never far away.

On Thursday, as reported by Reuters, the chief executive officer of a South Korean cryptocurrency income company named Haru Invest, Hyung-soo ‘Hugo’ Lee, was knifed during a court hearing for alleged fraud charges.

On Wednesday, a man around 50 years old allegedly stabbed Lee at the Seoul Southern District Court. This information comes from an official at the Seoul Yangcheon Police Station, as reported by Reuters. Lee was hurt but not critically, and was transported to a hospital. The assailant has since been apprehended by police.

It was reported by local news sources that three top officials from Haru Invest were taken into custody in February, under suspicion of illegally taking approximately 1.1 trillion won ($828 million) worth of cryptocurrency from around 16,000 customers.

Last June, the company temporarily halted both withdrawals and deposits due to some problems with their service providers. Additionally, they let go of approximately 100 staff members around the same period.