South Korean Prosecutors Appeal Partial Acquittal in Crypto Manipulation Case

South Korean prosecutors have filed an appeal against a court decision that partially acquitted defendants accused of illicitly earning $5.1 million through cryptocurrency price manipulation. According to NS3.AI, this case marks the first under South Korea's Virtual Asset User Protection Act and involves allegations of trading volume inflation and wash trading. Prosecutors contend that the lower court misinterpreted both the law and the facts, prompting them to seek a revised judgment.