HYBE Girl Group ILLIT Performs at Crypto Event, Sparking Fan Concerns
On September 23, 2025, K-pop group ILLIT, under HYBE, performed at the Origin Summit, a crypto-related event. A video clip of the performance, posted by entrepreneur Seung Yoon Lee, has circulated among fans, prompting concerns about the group’s comfort and well-being.
The clip shows ILLIT members performing on stage while being cheered on and recorded by men in the audience. Fans have taken to social media to express their discomfort and criticism, citing the apparent unease of the group members. This controversy comes amidst an ongoing investigation into HYBE’s chairman, Bang Si-hyuk, who has been summoned for a second round of questioning over alleged IPO fraud.
Many fans have questioned the decision to have a rookie girl group, with young members, perform at an event dominated by older men. They have expressed concerns about the ethics and appropriateness of such a performance, as well as the protection of the group members. Some have also linked the timing of the performance to HYBE’s current legal troubles, further fueling criticism.
Bang Si-hyuk is under investigation for allegedly misleading investors during HYBE’s 2019 IPO. Authorities claim that he denied plans for a listing, prompting investors to sell shares to a private equity fund linked to company executives. When HYBE went public in 2020, the fund reportedly sold the shares for significant profits, with Bang allegedly receiving around 190 billion KRW.
The investigation into Bang’s actions is ongoing, with further questioning sessions and additional summons anticipated. The Financial Services Commission has filed a criminal complaint, and the Financial Supervisory Service is conducting a parallel review. The outcome of the investigation will determine whether Bang Si-hyuk stands trial under the Capital Market Act.
The controversy surrounding ILLIT’s performance has sparked a wider debate about the treatment and protection of K-pop idols, particularly young and female artists. Fans and observers are calling for greater consideration and responsibility from entertainment companies and event organizers to ensure the well-being and safety of performers.