South Korea expands cryptocurrency price manipulation investigation to individual investors

ChainCatcher news, since the implementation of the South Korean "Virtual Asset User Protection Act" six months ago, the Financial Services Commission (FSS) of South Korea is now expanding its investigation into price manipulation to individual investors.

Recently, an investor was suspected of price manipulation by the FSS due to frequent short-term trading on a major exchange and is undergoing a related investigation. Although these trades were merely part of day trading activities, due to their suspicious nature, the FSS has requested that the investor prove there was no intent to manipulate the market.

With the recent rise in cryptocurrency prices, the FSS is closely analyzing trading patterns and volumes to detect any potential signs of price manipulation.