AiCoin
AiCoin|Feb 05, 2026 05:58
[South Korea Financial Supervisory Service Investigates ZKSync Token Abnormal Fluctuations] On February 5, the South Korea Financial Supervisory Service began investigating the abnormal price fluctuations of the ZKSync (ZK) token on the Upbit exchange. The token surged approximately 1000% within 3 hours on February 1 before plummeting, rising from about 33 KRW to 350 KRW and then falling back to over 30 KRW. The Virtual Asset Investigation Bureau of the Financial Supervisory Service has obtained relevant materials and is analyzing them, potentially escalating to a formal investigation depending on the severity of the situation. Legal experts have pointed out that this behavior may violate Article 10 of South Korea's Virtual Asset User Protection Act, and those involved could face imprisonment of over one year or fines amounting to 3-5 times the illicit gains.
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