Employees of an operating company who inflated over 90% of virtual asset transaction volume through wash trading to maintain exchange listings and pursue additional listings on major exchanges have been reported to investigative agencies. According to ChosunBiz, the Financial Services Commission announced that at its 16th regular meeting on the 23rd, it resolved to file complaints and notify investigative agencies regarding suspects in four cases of unfair trading in the virtual asset market. Three cases involve market manipulation using automated trading programs (APIs), and one case involves wash trading by employees of a virtual asset operating company.
