Global #price manipulation

South Korean authorities are probing a dramatic price surge of the altcoin AVAIL on the Bithumb exchange, suspecting price manipulation under the newly implemented Virtual Asset User Protection Act. This act, which came into force on July 18, empowers regulators to investigate suspected cases of market manipulation within the country’s registered crypto exchanges.

Cryptocurrency project Worldcoin (WLD) is under fire after accusations of price manipulation, insider trading, and misleading practices. Investigators and analysts are calling it a potential scam, raising concerns about the project's legitimacy.