According to ChainCatcher, data obtained by Lee In-young, a member of the Democratic Party of Korea, from the Financial Supervisory Service showed that the Virtual Asset Investment Fraud Reporting Center established in June last year had received a total of 3,036 reports as of July this year.

A total of 1,532 reports were received in 2023, of which 44% were other reports that were not related to virtual assets or were difficult to classify. The next largest categories were false and exaggerated propaganda (15%), online fraud (14.6%), investment guidance groups (11.9%), and love scams (11%).

Of the 1,532 reports received in 2023, only 36 actually involved unfair trading, accounting for only 2.3%.