South Korea
BlockTempo
South Korean Token Issuer Faked '90% of Trading Volume' Itself to Get Listed on Major Exchanges
- The FSC decided on September 23 to refer four suspected unfair virtual-asset trading cases to investigative authorities.
- In one case, executives at a token-issuing firm allegedly arranged wash trading that accounted for about 90% of the token's total trading volume.
- The scheme was reportedly aimed at inflating volume metrics to qualify the token for listing on major cryptocurrency exchanges.