BTS Agency Founder Faces Arrest Over Alleged Fraud

Apr 21, 2026

55 min

Apr 21, 2026 06:30

BTS agency founder Bang Si-hyuk faces arrest over alleged $136m fraud

## Allegations Against Bang Si-hyuk

Bang Si-hyuk, the founder of HYBE, the agency behind K-pop sensation BTS, is facing potential arrest in South Korea. Authorities are investigating claims that he misled investors, securing over $100 million through fraudulent means.

## Details of the Investigation

The Seoul Metropolitan Police Agency has requested a court warrant for Bang's arrest. The allegations date back to 2019, when Bang reportedly assured investors that HYBE had no plans for a public offering, prompting them to sell their shares to a private equity fund. This fund allegedly promised Bang a significant profit from post-IPO stock sales.

## HYBE's Response

Bang's legal team has expressed disappointment over the arrest request, emphasizing their cooperation with the investigation. They have pledged to continue engaging with legal processes to clarify their stance.

## Impact on HYBE and BTS

This legal issue poses a significant challenge for HYBE, especially as BTS resumes global performances after a hiatus due to mandatory military service. The group recently held a comeback concert in Seoul and is set to perform in the U.S. later this month.

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