Hive Bang Si-hyuk Sends Prosecution Accusation of Stock Market Fraud, Will Explain Listing Compliance with the Law (Full Story)
Jul 09, 2025
|
Hive said on the 9th "We are sorry to have caused you any concern with news related to our listing process."
Regarding the issues currently being raised, the Company is actively cooperating with the financial authorities and the police by submitting relevant data with detailed explanations. Even if it takes some time, I will faithfully explain that the listing was carried out in compliance with laws and regulations at that time," he said.
The Capital Market Investigation Review Committee, a review body of the Securities and Futures Commission under the Financial Services Commission, has decided to file a complaint with the prosecution on charges of stock market fraud and other charges on the 7th.
According to financial authorities, Bang Si-hyuk is accused of earning as much as 200 billion won in listing profits by deceiving existing investors that he has no plans to list Hive shares on the stock market after signing a contract with a private equity fund established by Hive executives close to him before listing in 2020.
The prosecution's complaint is the highest level of sanctions that financial authorities can impose on individuals suspected of violating the Capital Markets Act.
Next is the full entry of Hive.
Hello, I'm Hive.
We are sorry for causing concern to you with news related to our listing process.
Regarding the issues currently being raised, we are actively cooperating with the financial authorities and the police by submitting related data with detailed explanations.
Even if it takes some time, I will faithfully clarify that the listing was carried out in compliance with laws and regulations at the time.
Thank you.
silk781220@sportschosun.com
