Financial Services Commission Chair Lee Eog-won confirmed that the average illicit profit per case reached approximately 1.4 billion Korean won, or roughly $940,000. These enforcement actions target common forms of market abuse, including wash trading, insider trading, and artificial price inflation. One recent referral involved a trader who allegedly cornered nearly half of a token’s circulating supply to manipulate prices against retail demand.
Under the current framework, service providers must segregate customer holdings from corporate assets and maintain deposits in regulated banking institutions. The FSC intends to bolster these protections by deploying advanced artificial intelligence to monitor high-risk trading patterns. Beyond the 40 manipulation cases, the Financial Intelligence Unit has also identified 40 unregistered operators, signaling a broader push to bring the nation's entire digital asset landscape under formal legal control.
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