South Korean authorities launched an investigation into HYBE chairman Bang Si-hyuk over alleged unfair trading tied to the company’s 2020 IPO, with police seeking an arrest warrant in April 2026. Prosecutors rejected the request twice, citing insufficient evidence and ordering further police work, leaving the probe stalled by mid-May. No subsequent warrants or indictments have advanced, and Bang remains subject only to a longstanding travel ban. With the calendar year more than halfway complete and procedural hurdles persisting, trader consensus reflected in the 67.5% probability for “No” aligns with the absence of formal charging actions to date. Late-year developments such as new evidence or a successful warrant refiling could still alter the timeline.