<ul data-eligibleForWebStory="true"><li>The Seoul Southern District Court acquitted the Haru Invest CEO of fraud in a $650 million case.</li><li>Prosecutors had sought a 23-year sentence, alleging the company misappropriated $650 million from around 6,000 individuals.</li><li>The court cited external factors, like the FTX collapse, contributing to Haru's liquidity crisis and emphasized the company's genuine profit generation model.</li><li>While acknowledging management negligence, the court found no sufficient evidence of criminal intent or deception.</li><li>Lee survived a stabbing attack during his trial, and the assailant was sentenced to five years in prison.</li><li>The verdict raises questions about investor compensation and the collapse of South Korea's yield platform sector.</li></ul>

South Korean Court Acquits Haru Invest CEO of Fraud in $650M Case

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