A group of HYBE employees are allegedly facing investigation for utilizing inside information to sell their shares in the company, gaining a significant margin in the profit.
It’s come to the attention of investigators that some HYBE employees sold their own shares in the company just before the release of the YouTube video during which the BTS members announced that they would be halting their group activities temporarily.
The video, was was pre-recorded, was publicized on the night of June 14, 2022. The day after, on June 15, the price of HYBE shares plummeted by 25%.
Even before the release of the video on June 13 and 14, the price of HYBE shares declined by 11% and 3% per day. Later, these patterns led to the suspicions that some employees may have taken advantage of the “insider information” they had to their knowledge to sell their shares and make a profit.
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People were so eager to call out SM employees for corruption without evidence or any form of investigation but when HYBE is being actually investigated by authorities for corruption people are still willing to defend them to the death.
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