## Korean Authorities Crack Down on Cryptocurrency Price Manipulation The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) in South Korea have filed charges against individuals accused of manipulating cryptocurrency prices. According to Yonhap News, the charges stem from investigations into suspicious trading activities on a specific cryptocurrency exchange during the third and fourth quarters of last year. The alleged manipulators employed tactics referred to as "△△ Racehorse" and "Netting Pumping" across dozens of different cryptocurrencies. These methods artificially inflated the prices of the targeted coins, in some cases pushing them to ten times higher than prices on other exchanges. ## Implications for Crypto Investors This action by Korean financial authorities highlights the ongoing scrutiny of the cryptocurrency market and the potential for illegal price manipulation. Investors should exercise caution and conduct thorough research before investing in any cryptocurrency. Regulations are evolving, and these charges demonstrate a commitment to protecting investors and ensuring fair markets. Further details of the case will likely emerge as the prosecution proceeds. ```
