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 such as using automation tools for wash trading and price manipulation. The regulatory authority specifically named patterns including high-frequency small-volume matching, spoofing orders, and multi-account collusion, and will launch special investigations into abnormal API trading accounts. The FSS also reminds investors to be cautious of assets with sudden price and volume spikes without clear reasons, to avoid blindly chasing gains. (Cointelegraph)

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