PANews reported on December 2 that according to News1, six months after the implementation of South Korea's "Virtual Asset User Protection Act", the Financial Services Commission (FSS) of South Korea is now expanding its investigation into price manipulation to individual investors. Recently, an investor was suspected of price manipulation by the FSS due to frequent short-term transactions on a major exchange and was investigated. Although these transactions were only part of day trading activities, due to their suspicious nature, the FSS asked the investor to prove that he had no intention of manipulating the market. With the recent rise in cryptocurrency prices, the FSS is closely analyzing trading patterns and volumes to detect potential signs of price manipulation.
South Korea expands cryptocurrency price manipulation investigation to include individual investors
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