According to PANews, since the implementation of the South Korean (Virtual Asset User Protection Law) six months ago, the Financial Services Commission (FSS) has expanded its investigation into price manipulation to individual investors.
Recently, an investor has been suspected by the FSS of price manipulation due to frequent short-term trading on major exchanges, and is under investigation. The FSS has requested that the investor prove there was no intention to manipulate 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.
