
AiCoin|Sep 04, 2025 01:33
[South Korea Financial Services Commission Transfers Suspects of Cryptocurrency Price Manipulation to Prosecutors]
The South Korea Financial Services Commission has announced the transfer of individuals suspected of manipulating the virtual asset market and engaging in unfair trading practices to prosecutors, along with imposing fines on certain suspects. A "large whale" investor was accused of using hundreds of billions of won to drive up cryptocurrency prices before selling off for illegal profits. Another case involved profiting by spreading false positive information via social media. Additionally, authorities have issued their first fine under the Virtual Asset User Protection Act for intelligent unfair trading practices.
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