South Korean authorities have charged executives of what was as soon as the nation’s third-largest cryptocurrency change, Coinbit, over market manipulation allegations.
In response to information outlet News1, prosecutors are getting ready a case towards Coinbit chairman Choi Mo and two unnamed executives on fees of fraud and forgery related to market manipulation following a suggestion from the Seoul Metropolitan Police Company. The police stated that the three allegedly used ghost accounts from August 2019 to Might 2020 to inflate transaction volumes and manipulate token costs on the change.
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