Seoul Stabbing Incident Involving Crypto Firm's CEO Could Lead to Long Sentence
A man has been charged with stabbing the CEO of Haru Invest in court, possibly facing ten years in prison.
Incident Overview
A South Korean man known only as Kang faces a possible 10-year prison term for stabbing Lee Hyung-soo, the CEO of Haru Invest, during a fraud trial in August 2024. Kang reportedly lost millions due to the firm’s collapse, following allegations of stealing $828 million from customers’ funds.
Legal Arguments
The defense team argues for a lesser charge of aggravated assault, claiming Kang was emotionally distressed after his investment loss and did not intend to kill.
Victims’ Perspectives
The Haru Invest Victims’ Association has called for Kang’s release, asserting that victims of the firm’s fraud are being unfairly treated while the accused executives remain free on bail. Kang’s sentencing is scheduled for April 4.
Additional Context
Local media revealed that prosecutors seek a ten-year sentence for Kang, highlighting the intense emotional turmoil following the financial disaster. In 2023, Haru Invest suspended withdrawals and deposits due to issues with partners, leading to executive arrests in 2024.
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