South Korea's Financial Supervisory Service (FSS) has unveiled plans to investigate manipulation tactics that are disrupting the cryptocurrency market. According to NS3.AI, the focus will be on schemes driven by large investors, known as whales, and other artificial price adjustment methods. The investigation will specifically target techniques such as 'caging' and 'racehorse' methods, which are used to manipulate asset prices on certain exchanges.
In addition to addressing market manipulation, the FSS aims to bolster IT risk management within the financial sector. This will involve enforcing stricter security roles and implementing punitive measures against IT incidents to enhance overall security.