South Korean prosecutors said on June 27 that virtual assets worth about 50 billion won (about $36 million) have been successfully seized from digital asset management platform Haru Invest in a fraud trial at the Southern District Court in Seoul. Previously, Haru Invest revealed in court that its client cryptocurrency custodian B & S suffered losses of up to 400 billion won in November 2022 due to the FTX crash. In June last year, Haru Invest executives were charged with allegedly defrauding investors of more than 1.40 trillion won (about $1 billion) in cryptocurrencies, and the company's CEO Hugo Lee was arrested in February this year.