TechFlow news, according to Digital Asset, during the investigation into virtual asset custodian Haru Invest, South Korean prosecutors have seized only 50 billion KRW in digital assets. This amount is insignificant compared to Haru Invest's previous court disclosure that its client cryptocurrency custodian B&S suffered losses of up to 400 billion KRW in November 2022 due to the FTX collapse, and is expected to trigger disputes among victims regarding compensation.
In June last year, Haru Invest executives were charged with allegedly defrauding investors of over 14 trillion KRW (approximately 10 billion USD) in cryptocurrency. The company's CEO, Hugo Lee, was arrested in February this year.
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