For the first time, prosecutors in Seoul, South Korea, have taken action under the new Virtual Asset User Protection Act! Two suspects were arrested for allegedly manipulating the price of the cryptocurrency Fusionist (ACE). They made illegal profits of about 7 billion won (about 4.76 million U.S. dollars) by exaggerating trading volume by forging purchase orders. This marks an important step forward in the regulation of the crypto market in South Korea. What impact do you think this will have on the market? Feel free to share your thoughts in the comments section! 💬