CoinVoice has recently learned that, according to South Korean media MTN, the Financial Supervisory Service of South Korea has launched an investigation into the exchange Coinone, focusing on the abnormal situation where the price of the Movement token skyrocketed shortly after its listing and then plummeted.
The investigation will verify whether there are unfair trading practices and check whether Coinone's internal monitoring system is functioning properly. Additionally, the reason for Coinone listing the token ahead of other exchanges due to insufficient liquidity will also be a focus of the investigation.
The officials stated that if anomalies are found, proactive measures will be taken. [Original link]