According to BlockBeats, on December 12, according to the Financial Supervisory Service on the 12th, the Korean Virtual Asset Investigation Bureau is targeting Coinone officials to determine the sudden rise and fall in the price of Movement Coin after its listing.
It is reported that the subject of the investigation is whether there is unfair trading. At 8:41 pm on December 9, the price of MOVE rose to 998,500 won on the Coinone platform, 46,000 times higher than the market price (215.3 won), but 16 minutes later, MOVE on the platform plummeted to 5,300 won at 8:57 pm. The Financial Supervisory Service is investigating whether there are abnormal transactions in the process and whether the abnormal transaction system within Coinone is operating normally.
It is worth noting that Coinone supported MOVE transactions at 8 pm on the 9th, earlier than Upbit and Bithumb.
