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South Korea Cracks Down on Crypto Manipulation with New FSS Enforcement Plan
South Korea Cracks Down on Crypto Manipulation with New FSS Enforcement Plan
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BTCCSquare news:
South Korea’s Financial Supervisory Service (FSS) unveiled a sweeping market oversight initiative targeting cryptocurrency price manipulation. The regulatory blueprint, released February 9 as part of annual policy directives, identifies three primary manipulation techniques: 'big whale' trades distorting asset prices, 'fence' schemes exploiting suspended transactions, and 'racehorse' tactics using timed bulk purchases.
Authorities are deploying automated surveillance systems to detect suspicious trading patterns, particularly API-based market orders and social media-driven misinformation campaigns. The FSS plan mandates stricter monitoring of financial institutions' technological infrastructure to prevent exploitation.
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