South Korea probed 40 cases of crypto manipulation over 2 years

South Korea's financial authorities investigated over 40 cases of crypto manipulation and unfair trading in the last two years, with 30 cases reported or referred to investigative agencies and 25 suspects identified. The average unlawful gains were around 1.4 billion Korean won ($940,000). The probes were part of efforts to enforce the Virtual Asset User Protection Act, which aims to protect users of virtual assets and prevent illicit activities such as market manipulation.