South Korean authorities refer crypto market manipulators for investigation

Market manipulation schemes, once primarily associated with the stock market, are now being uncovered in the virtual asset sector by South Korean financial authorities, Yonhap Infomax reported. South Korea’s Financial Services Commission announced at its eighth regular meeting on April 29 that it has decided to refer suspects in two cases of virtual asset market manipulation to investigative agencies. The methods involved a mix of traditional "Pump and Dump" schemes from the stock market and the exploitation of APIs, a technique specific to the virtual asset market.