{"id":434614,"date":"2026-07-20T06:24:34","date_gmt":"2026-07-20T00:54:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/south-korea-uncovers-30-cases-unfair-trading-crypto-news\/"},"modified":"2026-07-20T06:34:05","modified_gmt":"2026-07-20T01:04:05","slug":"south-korea-uncovers-30-cases-unfair-trading-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/south-korea-uncovers-30-cases-unfair-trading-crypto-news\/","title":{"rendered":"South Korea Uncovers 30 Cases Unfair Trading – Crypto News"},"content":{"rendered":"
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South Korea\u2019s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years.\u00a0<\/p>\n

According to an X post<\/span><\/a> by Financial Services Commission Chair Lee Eog-won, 30 of them reported or referred to investigative agencies, identifying 25 suspects since the Virtual Asset User Protection Act took effect in July 2024.<\/p>\n

Lee said the average unlawful gains were around 1.4 billion Korean won ($940,000).<\/p>\n

\u201cToday marks the second anniversary of the enactment of the \u2018Virtual Asset User Protection Act…\u2019 It was a meaningful time that brought the virtual asset market, which was outside the institutional framework at the time, into the fold of the law and created an opportunity to establish a user protection system for virtual assets,\u201d said Lee. <\/p>\n

Related: <\/strong><\/em>South Korea to bring digital assets under new state asset management system<\/strong><\/em><\/a><\/p>\n

The Virtual Asset User Protection Act is designed to protect users<\/span><\/a> who buy and store crypto assets with virtual asset service providers.\u00a0<\/p>\n

VASPs are legally required to separate user deposits and virtual assets from their own corporate holdings, holding client deposits in banks.\u00a0<\/p>\n

The legislation also targets illicit activities such as insider trading, wash trading and market manipulation, enhancing the Financial Services Commission (FSC) authority to supervise and inspect VASPs.\u00a0<\/p>\n

\u201cWe will continue to enhance market surveillance investigation and monitoring systems based on AI, and proactively respond to high-risk areas,\u201d Lee added. <\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/div>\n","protected":false},"excerpt":{"rendered":"

South Korea\u2019s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years.\u00a0 According to an X post by Financial Services Commission Chair Lee Eog-won, 30 of them reported or referred to investigative agencies, identifying 25 suspects since the Virtual Asset User Protection Act […]<\/p>\n","protected":false},"author":2,"featured_media":434615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-434614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=434614"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434614\/revisions"}],"predecessor-version":[{"id":434616,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/434614\/revisions\/434616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/434615"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=434614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=434614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=434614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}