Korean media: The Ministry of Justice will crack down on market manipulation and fraud in the virtual asset market

On May 27, according to a report by Korean media Digital Asset, the Ministry of Justice of South Korea said, "The virtual asset crime joint investigation team of the South Seoul District Prosecutor's Office is working hard to crack down on manipulation of the virtual asset market, unreported virtual asset exchanges, and virtual asset deposit fraud." The Ministry of Justice selected the PICA fraud case 90 billion Korean won, the illegal exchange business 5,800 won, and the Haru Invest deposit fraud case 1.40 trillion Korean won as representative examples of the three crimes.