South Korea Investigates Virtual Asset Market Manipulation

South Korea's Financial Supervisory Service (FSS) is initiating a special investigation into high-risk areas within the virtual asset market. According to NS3.AI, the probe seeks to tackle market manipulation tactics, including whale-driven price movements, pump-and-dump schemes, API misuse, and misinformation spread via social media. This effort coincides with the forthcoming implementation of a basic digital asset law and the creation of a disclosure system for cryptocurrency issuance and trading.