Haru Invest CEO no clear of $650M Crypto Fraud for South Korea

One South Korean court don clear Lee Hyung-soo, CEO of Haru Invest, from $650 million crypto fraud and embezzlement matter. The Seoul Southern District Court talk say Haru Invest stop people from withdrawing money for June 2023 because external crypto market wahala, including the FTX collapse, no be because dem wan do fraud. Prosecutors bin dey ask for 23 years jail time, talk say like 16,000 investors suffer loss and the company's high-return offer be scam. But judge come talk say Haru Invest business no be Ponzi scheme, no evidence say dem mislead investors. Lee and two co-CEOs from the parent company BlockCrafters also get charge drop. Even though dem clear dem, civil lawsuit still fit continue as investors dey find compensation through bankruptcy matter. This case na important one because e sabi talk difference between business collapse due to market wahala and crypto fraud wey dem plan, fit change how regulators and courts go take handle crypto sector later.