According to PANews, six months after the implementation of South Korea's (Virtual Asset User Protection Act), the Financial Services Commission (FSS) of South Korea has expanded its investigation into price manipulation to individual investors.
Recently, an investor was suspected of price manipulation by the FSS due to frequent short-term trading on major exchanges and was investigated. 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.