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South Korea Investigates Over 40 Cases of Unfair Crypto Trading, Including Market Manipulation

South Korea's financial authorities investigated over 40 cases of unfair crypto trading, including market manipulation and fraudulent activities, in the last two years. Since the Virtual Asset User Protection Act took effect in July 2024, 30 cases were reported to investigative agencies, leading to 25 identified suspects and average unlawful gains of ₩1.4 billion.

Cointelegraph

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South Korean Regulator Initiates Sanctions Procedure Against Upbit Over $36M Hack

In Entwicklung

Crypto·vor 23 StundenKI-Zusammenfassung

South Korean Regulator Initiates Sanctions Procedure Against Upbit Over $36M Hack

South Korea's FSS has initiated sanctions procedures against Dunamu, operator of crypto exchange Upbit, following a $36 million hack reported in November 2025. The regulator is reviewing potential violations of the Virtual Asset User Protection Act and plans to address regulatory gaps.

Fee, prize caps proposed for claw machines amid ‘deceptive design’ concerns

The operation of claw and pinball machines could be regulated by capping fees and prize values as a first step to curb addiction to automated games, lawmakers have said, while also warning of “deceptive” designs that make winning impossible. While calling for a balance between user protection and industry development, two legislators said the caps could follow the existing Gambling Ordinance, under which premises with an Amusements with Prizes Licence cannot charge more than HK$5 per game and...

SCMP Economy

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