FSC/FSS Joint Press Release: Virtual Asset Market Manipulation Suspects Referred to Investigative Authorities (July 1, 2026)

The most recent English translation of the joint press release issued by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS) of Korea on July 1, 2026, regarding the referral of virtual asset market manipulation suspects to investigative authorities.This document covers two market manipulation cases: (i) a long-term "whale" manipulation scheme exploiting cross-exchange price synchronization across domestic and overseas exchanges; and (ii) a short-term "Kimchi Coin" manipulation scheme combining API market-order trading with high-priced limit buy orders.● 3 pages● Issued: July 1, 2026● Issuer: Financial Services Commission (FSC) & Financial Supervisory Service (FSS), Republic of Korea● Reviewed by H&S Partners (licensed Korean law office)For reference purposes only. In case of conflict, the Korean text prevails.

Found on Devadex — the discovery index for independent software the big search engines bury. More from gumroad.

Report this listing