TechFlow News, April 13: According to a Cointelegraph report, South Korea’s Financial Supervisory Service (FSS) stated that API-based cryptocurrency trading currently accounts for approximately 30% of market buy/sell volume. The FSS noted that some traders are using automated tools to artificially inflate trading volumes and manipulate prices—for example, by repeatedly submitting small orders to create a false impression of market activity or placing high-limit buy orders to artificially boost prices. The regulator announced it will launch targeted investigations into accounts suspected of abnormal API trading and urged investors to remain vigilant against assets exhibiting sudden, unexplained spikes in price and trading volume. Previously, South Korea required exchanges to reconcile asset balances every five minutes and has continuously tightened anti-fraud rules; however, certain regulatory measures remain constrained by an incomplete legal framework.
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