BlockBeats news, on June 17, according to The Block, the South Korean court announced on Tuesday that Haru Invest CEO Lee Hyung-soo was found not guilty, dismissing the fraud charges against him. Lee Hyung-soo faced fraud charges after Haru Invest suddenly closed user withdrawal channels and its office in June 2023. The company reportedly attracted thousands of investors by promising "full principal repayment" and high returns of up to 25% annually. The South Korean prosecution initially accused the company of illegally obtaining 1.39 trillion won (approximately $1.02 billion) from about 16,000 investors, but later revised the amount in the formal indictment to 880.5 billion won (approximately $650 million), involving about 6,000 investors. The prosecution had requested the court to sentence Lee Hyung-soo to 23 years in prison. #Gate 红牛竞速巡回赛 #XRP ETF获批 #Gate Alpha上新