South Korea's Financial Services Commission has referred a "large whale" who manipulated the cryptocurrency price using tens of
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最新报道：According to Bijie.com, South Korea's Financial Services Commission announced at a regular meeting on the 3rd that it had referred individuals suspected of virtual asset market manipulation and unfair trading to prosecutors and had decided to impose fines on the suspects. According to financial authorities, a "large whale" investor, allegedly manipulating the prices of multiple cryptocurrencies by using tens of billions of won, illegally profited billions of won and was referred to prosecutors for market manipulation. The suspect initially placed a series of manipulative buy orders, then immediately sold all his holdings once the influx of funds generated buying pressure, even transferring tokens previously purchased on overseas virtual asset exchanges to sell domestically. Furthermore, a case of unfair trading involving the use of social media to falsely post positive information and profit from it was also referred to prosecutors. This marks the first time financial authorities have investigated and prosecuted a case of unfair virtual asset trading through social media. Fines were also imposed for intelligent unfair trading exploiting price linkages between exchanges. This marks the first fine issued under the Virtual Asset User Protection Act.
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