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.
Read MoreSouth Korean cryptocurrency exchange Bithumb has reversed its decision to increase deposit fees by 4%, opting to maintain the current 2.2% fee structure.
Read MoreNorth Korean hackers have reportedly unleashed a new malware variant called "Durian" to target South Korean cryptocurrency firms, according to a threat report by cybersecurity firm Kaspersky on May 9.
Read MoreAccording to a recent study by Kaiko Research, South Korean cryptocurrency exchanges are engaged in a fierce battle over fees. Exchanges are eager to gain popularity by imposing minimal costs at the same time.
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