South Korean financial authorities investigated more than 40 cases of unfair crypto trading during the first two years of the Virtual Asset User Protection Act, according to Financial Services Commission Chair Lee Eog-won.
Summary
- Korean regulators investigated over 40 unfair crypto trading cases during the law’s first two years.
- Authorities referred more than 30 cases for investigation and identified 25 suspects linked to misconduct.
- Regulators plan stronger AI-based surveillance as South Korea expands oversight of high-risk crypto market activity.
The cases covered suspected market manipulation and other fraudulent trading activity.
Authorities reported or…
