Lee, the CEO of Haru Invest, was acquitted of fraud charges related to $650 million in losses for investors, as the court found no deliberate deception despite management neglect. The abrupt closure of withdrawals in 2023 was linked to the FTX bankruptcy, leading to a broader liquidity crisis. Other co-CEOs were also acquitted, while the COO received a prison sentence for embezzlement.

Do Kwon, co-founder of Terraform, is expected to plead guilty to multiple charges, including fraud and money laundering, as a court conference has been scheduled. The charges stem from the collapse of the algorithmic stablecoin Terra USD in 2022, which resulted in significant financial losses. Kwon had previously pleaded not guilty to the allegations.