The prosecution issued an arrest warrant for Mr. Bang, a key figure in the investigation. Withdrawal suspension Korean media outlet of Delio, a domestic cryptocurrency lending company, and Haru Invest, an investment company. Reported Digital Assets wednesday.
It is known that Mr. Bang holds a majority of the shares of B&S Holdings, which Haru Invest identified as the root cause of serial service interruptions. The room’s full name is withheld due to local media privacy regulations.
On June 14, 2023, Delio claim to have The lending and lending service processed $1 billion worth of cryptocurrency and halted user withdrawals. Delio revealed that the reason for this suspension was the sudden suspension of deposits and withdrawals by Haru Invest, a cryptocurrency investment management company with which it traded.
One day, a criminal complaint was filed against B&S Holdings, a consignment operation company. Claimed to have deceived the company By filing a false management report, B&S claimed that one day B&S lost 350 billion won worth of funds due to the collapse of the FTX exchange. previous report In digital assets.
According to Digital Asset, the police applied for an arrest warrant for Mr. Bang last week on charges of fraud and breach of trust. Afterwards, Seoul prosecutors reportedly requested a reexamination of the warrant from the local court.
Meanwhile, when Delio and Haru’s customers sued the executives, the prosecution banned Delio, Haru, and key B&S members from leaving the country.
The Seoul Southern District Prosecutors’ Office did not immediately respond to The Block’s request to confirm the report and provide additional opinions.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.