📣 South Korean regulators have launched an investigation

📣 South Korean regulators have launched an investigation into suspicious activity on the Upbit exchange following a 970% increase in ZKsync within three hours on February 1 (almost 40% of all ZKsync trading occurs on Upbit).
ℹ️ The token price rose from $0.023 to $0.24 before the scheduled maintenance of the exchange and returned to $0.023 after its completion. Trading volumes of ZKsync on Upbit surged by 4000%, while on Coinbase it only increased by 150% with a price rise of 40%. Experts believe that traders created a "buy wall" to artificially inflate the price. According to the 2023 law on the protection of virtual asset users, manipulators face a prison sentence of over a year and a fine.
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}📣 South Korean regulators have launched an investigation into suspicious activity on the Upbit exchange following a 970% increase in ZKsync within three hours on February 1 (almost 40% of all ZKsync trading occurs on Upbit).

📣 South Korean regulators have launched an investigation into suspicious activity on the Upbit exchange following a 970% increase in ZKsync within three hours on February 1 (almost 40% of all ZKsync trading occurs on Upbit).