South Korean crypto exchanges searched as witnesses in token price manipulation case

South Korean prosecutors have conducted search and seizure operations at local crypto exchanges Upbit, Bithumb and Coinone, involving them as witnesses in a case investigating price manipulation of a previously delisted cryptocurrency, according to inews24. This probe is separate from another case recently handled by financial authorities and later referred to prosecutors. The three exchanges removed the token in April last year, citing inadequate disclosures from the issuing company and ongoing concerns about potential illegal activities and negative public sentiment.