South Korea Investigates 40 Crypto Manipulation Cases

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South Korea has investigated 40 cases of crypto market manipulation in the past two years. The Financial Services Commission shared these figures, highlighting efforts to protect users under new virtual asset laws. This shows a strong focus on keeping the market fair and safe.


South Korea's financial watchdog has investigated 40 instances of cryptocurrency market manipulation over the last two years. Lee Eog-won, chairman of the Financial Services Commission (FSC), announced these findings. The update came on the second anniversary of the country's Virtual Asset User Protection Act. This law aims to safeguard people who use cryptocurrencies, known as virtual assets. The investigations show South Korea's commitment to stopping unfair practices and ensuring a secure trading environment for its citizens in the growing crypto space.

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