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International Business Times

Business

Marvie Basilan

South Korean Crypto Executive Stabbed During $800M Fraud Trial

Crypto South Korea Do Kwon SEC

Haru Invest executives are accused of stealing some $800 million worth of customers' cryptocurrencies. (Credit: Bybit/flickr.com)

KEY POINTS

Hugo Hyungsoo Lee's attacker was able to get a knife inside the courtroom to carry out the stabbing
Lee and two other Haru executives were arrested in February over their alleged theft of some $800 million worth of crypto
The executives are also accused of misappropriating customer funds by re-investing the crypto assets

The cryptocurrency industry is rife with legal battles over fraud and other related crimes, but in a shocking turn of events, the CEO of South Korean crypto deposit service Haru Invest was stabbed during a Wednesday trial, local media reported Thursday.

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