Court Seeks More Evidence in Haru Invest's $580 Million Crypto Misappropriation Case

A new appellate panel is reviewing the Haru Invest case, which involves allegations of misappropriating 800 billion won, approximately $580 million, in customer cryptocurrency assets. According to NS3.AI, the panel has requested additional evidence from both parties involved in the dispute. The initial verdict was criticized for emphasizing business continuity over potential fraudulent conduct. The court is set to hear arguments from both sides on July 22 to determine if investing all customer funds with a single firm amounted to fraud.