"Fusionist (ACE) Involved in the First Fast-Track Case of the Virtual Asset User Protection Act"
Summary
- It was reported that Fusionist (ACE) is involved in the first fast-track case of the Virtual Asset User Protection Act.
- They are accused of gaining an unfair profit of approximately 7.1 billion KRW through fake buy orders and trading volume manipulation.
- Currently, the price of Fusionist is trading at 3,126 KRW on Bithumb, down 4.67% from the previous day.
The virtual asset involved in the first fast-track case of the Virtual Asset User Protection Act is identified as Fusionist (ACE), which is listed on Bithumb.
According to industry sources on the 2nd (local time), the coin involved in the first fast-track case of the Virtual Asset User Protection Act has been revealed to be Fusionist. They are accused of manipulating the market by placing fake buy orders and manipulating trading volumes from July 22 to October 25 last year, gaining an unfair profit of approximately 7.1 billion KRW.
Previously, the Seoul Southern District Prosecutors' Office's Joint Investigation Team on Virtual Asset Crimes announced that three individuals involved in the coin market manipulation case were arrested and charged with violating the Virtual Asset User Protection Act.
As of 5:34 PM, Fusionist is trading at 3,126 KRW on the Bithumb KRW market, down 4.67% from the previous day.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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