ChainCatcher news, according to Newsis, the head of the Financial Supervisory Service of South Korea, Lee Bok-hyun, stated at the National Assembly's Political Affairs Committee's national inspection meeting that they are investigating abnormal transactions of various cryptocurrencies, including suspicious trading activities of the AVAIL token on the Bithumb exchange. He also mentioned that the financial regulatory authorities are continuously improving the abnormal transaction detection system and handling multiple related investigation cases to enhance market confidence.It is reported that the AVAIL token was listed on Bithumb on July 23, 2024, with an initial price of 236 KRW. Within 15 minutes of its listing, its price surged over 1300%, but it fell back to around 200 KRW in less than 24 hours, raising market concerns about price manipulation.Democratic Party lawmaker Min Byeong-deok pointed out that the AVAIL token incident exposed flaws in Bithumb's abnormal transaction monitoring system. He revealed that Bithumb had stated that only transactions exceeding 5% of the total issuance would be considered abnormal transactions, a standard that clearly failed to effectively prevent such incidents.Director Lee Bok-hyun promised that the Financial Supervisory Service will continue to monitor and investigate various suspicious cryptocurrency trading activities, striving to enhance market transparency and investor protection.Previous news, South Korean lawmakers have requested access to abnormal trading data of AVAIL on Bithumb and are investigating potential price manipulation.

ChainCatcher news, according to the Korea Economic Daily, South Korean lawmaker Min Byoung-dug plans to criticize the AVAIL token as a "hamburger coin" during a parliamentary audit. The term "hamburger coin" refers to foreign cryptocurrencies listed on South Korean exchanges. Min Byoung-dug has requested data on suspicious AVAIL transactions on the cryptocurrency exchange Bithumb and is investigating the surge in listings, potential price manipulation, and the effectiveness of customer protection measures at the exchange.AVAIL is also implicated in overseas money laundering allegations, including accusations involving a user representative named "yieldfarming" who was banned from trading with foreign investors on Bithumb. In last year's audit, Min Byoung-dug also pointed out similar issues with cryptocurrencies and criticized the exchange for failing to adequately protect investors.

ChainCatcher news, according to RootData data, the Avail token (AVAIL) has increased by 36.44% in the last 24 hours, currently priced at $0.21.Additionally, the Web3 asset data platform RootData shows that Avail is a modular blockchain focused on data availability: it sorts and records blockchain transactions without the need to download the entire block to prove block data availability. This allows it to scale in ways that a monolithic blockchain cannot achieve.

ChainCatcher news, according to Bitget data, the Avail token (AVAIL) has increased by 1383% in the last 24 hours, currently priced at $0.147.Previous news, Avail launched its data availability mainnet Avail DA and its native AVAIL token.

ChainCatcher news, according to The Block, Avail has launched its data availability mainnet Avail DA and its native AVAIL token. AVAIL is used to pay for data availability fees and ensures network security through staking. The project aims to optimize data availability, helping developers build more scalable and cost-effective chains.The total supply of AVAIL is 10 billion, of which 60 million have been airdropped to eligible participants. Avail is led by Anurag Arjun, former co-founder of Polygon, and plans to launch the interoperability layer Nexus and the security network layer Fusion.