Haru Invest appeal shifts focus to fraudulent conduct

The appellate trial for the Haru Invest case, involving the alleged misappropriation of 800 billion won (approx. $580 million) in customer crypto assets, has entered a new phase following a change in the judicial panel, according to an exclusive report from Digital Asset. The new court panel has requested additional evidence from both the prosecution and the defense, stating that the initial verdict focused too heavily on business continuity rather than the core issue of fraudulent conduct. The court is scheduled to hear arguments from both sides on July 22 before making a final decision on whether certain actions, such as investing all customer funds with a single firm, constitute fraud.