Police have requested an arrest warrant for HYBE chairman Bang Si Hyuk on charges of fraudulent and unfair trading, according to Asian Junkie.
Bang is suspected of deceiving investors by claiming there were no plans for an IPO before HYBE went public. The investigation has been ongoing for an extended period.
The alleged misconduct involves misleading statements about HYBE's IPO timeline, potentially affecting investor decisions and market fairness.
This development marks a significant escalation in the probe, which has drawn widespread attention from K-pop fans and financial markets alike.
HYBE has not yet issued an official statement. The warrant request is now subject to court review.
Source: Asian Junkie (https://www.asianjunkie.com/2026/04/20/police-request-arrest-warrant-for-hybes-bang-si-hyuk-on-charges-of-fraudulent-unfair-trading/)