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South Korea Probes Crypto Manipulation Tied to API Trading Abuse

South Korea Probes Crypto Manipulation Tied to API Trading Abuse

Regulatory crackdowns on crypto market manipulation are escalating globally, with South Korea’s action against two coordinated schemes reflecting a broader industry push for transparency.

The uncovered schemes highlight the evolving nature of market manipulation, combining traditional tactics with automated trading tools and API abuse to deceive investors.

Authorities’ warnings to users about potential liability for lending API keys underscore the growing importance of cybersecurity and responsible trading practices in the crypto market.

South Korea has stepped up action against crypto market manipulation after uncovering two coordinated schemes. The Financial Services Commission (FSC) said it has referred the suspects to…

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