According to DigitalAsset, prosecutors in Seoul, South Korea, arrested two suspect in their 30s and 20s today, which seems to be the first violation of the newly implemented Virtual Asset User Protection Law in South Korea. They were accused of manipulating the price of the cryptocurrency Fusivist (ACE), which is only listed on the local exchange Bithumb, by falsifying purchase orders and exaggerating trading volume, illegally profiting about 7 billion Korean won (approximately 4.76 million US dollars) from it. The media pointed out that the ACE trading volume and price data displayed on the Bithumb website are consistent with the data in the announcement released by the prosecutor. @gyokeres