South Korea’s Financial Supervisory Authority launches investigation into Coinone over the sudden rise and fall of Movement tokens
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2024-12-12 17:03 8,771
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According to news on December 12, South Korean media MTN reported that the Financial Supervisory Authority said on Wednesday that the Virtual Assets Investigation Bureau will interview Coinone officials to determine the circumstances surrounding the rapid price fluctuations of Movement tokens shortly after they were listed.
The investigation will verify whether unfair trading occurred and check whether Coinone’s internal control systems are functioning properly. In addition, the reason why Coinone listed the currency on other exchanges in advance when liquidity may be insufficient will also become the focus of the investigation.