HYBE chairman accused of fraud in company’s IPO, potentially costing him $145 million.

HYBE chairman Bang Si Hyuk could face prosecution for alleged fraud related to the company’s IPO. Financial authorities accuse Bang of misleading investors about HYBE’s IPO plans, leading them to sell shares to a private equity fund where Bang profited around $145 million. HYBE is cooperating with the investigation and denies wrongdoing. The Securities and Futures Commission will decide next week if charges will be filed.