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CEO OF KOREAN CRYPTO FIRM HARU INVEST STABBED DURING COURT HEARING

by Danny Park
Policy • August 28, 2024, 5:48AM EDT
Published 1 minute earlier on


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 * The CEO of South Korean crypto custody firm Haru Invest was stabbed during a
   trial in a Seoul court.
 * He is reportedly in a ‘critical condition’ after being taken to the emergency
   room.
 * Haru Invest executives allegedly defrauded tens of thousands of investors in
   South Korea.



The CEO of Haru Invest, a South Korean digital asset custody firm, was stabbed
during a court hearing on Wednesday, a Seoul Southern District Court
representative confirmed with The Block.

While the Seoul court representative declined to speak further on the details,
local reports said the Haru CEO, only known by his last name, Lee, was stabbed
in the neck four times and was quickly taken to the emergency room. Lee is in a
“critical condition,” news agency News1 reported.

The Seoul police reportedly arrested a man in his 40s, believed to be an alleged
victim of Haru Invest, on charges of attempted murder.

Haru Invest was a company that offered custody services for bitcoin, ether, USDT
stablecoin and other cryptocurrencies. While the company initially promised
investors a total return of principal and interest of up to 16%, multiple local
news reports said Haru Invest suspended withdrawals from its crypto custody
service in June last year and closed its company office.


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The Haru CEO was reportedly on trial for fraud. Prosecutors alleged that he and
other Haru executives falsely lured around 16,000 investors to earn illegal
profits of over $1.04 billion. Lee and Haru executives were reportedly arrested
in February this year but released on bail.

According to local news outlet Chosun Ilbo, the court representative suggested
that the attacker may have bypassed security by using a ceramic knife. The
report said ceramic weapons can evade detection, unlike metal detectors commonly
used in court security checkpoints.


Disclaimer: The Block is an independent media outlet that delivers news,
research, and data. As of November 2023, Foresight Ventures is a majority
investor of The Block. Foresight Ventures invests in other companies in the
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Block continues to operate independently to deliver objective, impactful, and
timely information about the crypto industry. Here are our current financial
disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for
informational purposes only. It is not offered or intended to be used as legal,
tax, investment, financial, or other advice.

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ABOUT AUTHOR

Danny Park is an East Asia reporter at The Block writing on topics including
Web3 developments and crypto regulations in the region. He was formerly a
reporter at Forkast.News, where he actively covered the downfall of Terra-Luna
and FTX. Based in Seoul, Danny has previously produced written and video content
for media companies in Korea, Hong Kong and China. He holds a Bachelor of
Journalism and Business Marketing from the University of Hong Kong.
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WE CARE ABOUT YOUR PRIVACY

We and our partners store and/or access information on a device, such as unique
IDs in cookies to process personal data. You may accept or manage your choices
by clicking below, including your right to object where legitimate interest is
used, or at any time in the privacy policy page. These choices will be signaled
to our partners and will not affect browsing data.


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised ads
and content, ad and content measurement, audience insights and product
development. List of Partners (vendors)

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ABOUT YOUR PRIVACY

We process your data to deliver content or advertisements and measure the
delivery of such content or advertisements to extract insights about our
website. We share this information with our partners on the basis of consent and
legitimate interest. You may exercise your right to consent or object to a
legitimate interest, based on a specific purpose below or at a partner level in
the link under each purpose. These choices will be signaled to our vendors
participating in the Transparency and Consent Framework.
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MANAGE CONSENT PREFERENCES

STRICTLY NECESSARY COOKIES

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These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.

PERFORMANCE COOKIES

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.

STORE AND/OR ACCESS INFORMATION ON A DEVICE

Store and/or access information on a device

Cookies, device identifiers, or other information can be stored or accessed on
your device for the purposes presented to you.

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PERSONALISED ADS AND CONTENT, AD AND CONTENT MEASUREMENT, AUDIENCE INSIGHTS AND
PRODUCT DEVELOPMENT

Personalised ads and content, ad and content measurement, audience insights and
product development

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   Ads can be shown to you based on the content you’re viewing, the app you’re
   using, your approximate location, or your device type.
   
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 * CREATE A PERSONALISED ADS PROFILE
   
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   A profile can be built about you and your interests to show you personalised
   ads that are relevant to you.
   
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 * SELECT PERSONALISED ADS
   
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   Personalised ads can be shown to you based on a profile about you.
   
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 * CREATE A PERSONALISED CONTENT PROFILE
   
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   A profile can be built about you and your interests to show you personalised
   content that is relevant to you.
   
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 * SELECT PERSONALISED CONTENT
   
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   Personalised content can be shown to you based on a profile about you.
   
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 * MEASURE AD PERFORMANCE
   
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   The performance and effectiveness of ads that you see or interact with can be
   measured.
   
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 * MEASURE CONTENT PERFORMANCE
   
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   The performance and effectiveness of content that you see or interact with
   can be measured.
   
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 * APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS
   
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   Market research can be used to learn more about the audiences who visit
   sites/apps and view ads.
   
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 * DEVELOP AND IMPROVE PRODUCTS
   
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   Your data can be used to improve existing systems and software, and to
   develop new products
   
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USE PRECISE GEOLOCATION DATA

Use precise geolocation data

Your precise geolocation data can be used in support of one or more purposes.
This means your location can be accurate to within several meters.

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ACTIVELY SCAN DEVICE CHARACTERISTICS FOR IDENTIFICATION

Actively scan device characteristics for identification

Your device can be identified based on a scan of your device's unique
combination of characteristics.

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ENSURE SECURITY, PREVENT FRAUD, AND DEBUG

Always Active

Your data can be used to monitor for and prevent fraudulent activity, and ensure
systems and processes work properly and securely.

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TECHNICALLY DELIVER ADS OR CONTENT

Always Active

Your device can receive and send information that allows you to see and interact
with ads and content.

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MATCH AND COMBINE OFFLINE DATA SOURCES

Always Active

Data from offline data sources can be combined with your online activity in
support of one or more purposes

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LINK DIFFERENT DEVICES

Always Active

Different devices can be determined as belonging to you or your household in
support of one or more of purposes.

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RECEIVE AND USE AUTOMATICALLY-SENT DEVICE CHARACTERISTICS FOR IDENTIFICATION

Always Active

Your device might be distinguished from other devices based on information it
automatically sends, such as IP address or browser type.

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