South Korean crypto unfair trade reports hit record pace in 2026

Despite a downturn in the virtual asset market and a plunge in Bitcoin's price this year, reports of unfair trading have increased, Gangwon Ilbo reported. According to data submitted by South Korea's Financial Supervisory Service (FSS) to Democratic Party lawmaker Kim Hyun-jung on June 29, the FSS's Virtual Asset Unfair Trading Report Center received 54 reports from January to May this year. By type, price manipulation was the most common, with 50 cases. There were also two reports each for the use of undisclosed information and other unfair trading practices. The FSS established the report center in January 2024. It received 55 reports in 2024 and 30 last year. With the number of reports in the first five months of this year already nearing the total for all of 2024, this year is on track to set a record for the most reports filed since the center opened.