The Financial Supervisory Service (FSS) of South Korea stated that API algorithmic trading currently accounts for approximately 30% of the buy and sell volume in South Korea's crypto market, and warned that they will strictly investigate behaviors involving automated tools for wash trading and price manipulation. The regulatory authority specifically named patterns such as high-frequency small-volume matching, spoofing, and multi-account collusion, and will launch special investigations into abnormal API trading accounts. The FSS also reminded investors to be cautious of assets with sudden spikes in price and trading volume without clear reasons, to avoid blindly chasing gains. (Cointelegraph)

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