According to Yonhap News Agency, the first case of violation of the Cryptocurrency User Protection Act in South Korea has been announced. The Seoul Southern District Court sentenced a representative of a certain currency operating company to three years in prison for manipulating currency prices, and imposed a fine of 500 million Korean won (approximately 385000 US dollars) and recovered approximately 846 million Korean won (approximately 650000 US dollars). The court found that between July and October 2024, he used automated trading programs to inflate trading volume and repeatedly issued false buy orders to manipulate prices, resulting in improper gains of approximately 7.1 billion Korean won (approximately 5.46 million US dollars). This case is the first case transferred by the prosecutor through the financial regulatory "fast track" since the law came into effect in July 2024. http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=56168