Korea Set for Record Crypto Unfair Trade Reports Amid Market Downturn

The Financial Supervisory Service (FSS) in South Korea is on track to receive a record number of reports of unfair trading practices in the virtual asset market this year. According to data released by the FSS, the Virtual Asset Unfair Trading Report Center received 54 reports between January and May 2026, already approaching the 55 reports filed during the entirety of 2024.

The dominant concern among these reports is price manipulation, accounting for 50 of the 54 cases filed this year. This figure far exceeds the 30 reports received in 2025, indicating a sharp increase in reporting activity despite a broader downturn in cryptocurrency prices.

Industry observers suggest that the rising number of reports may reflect both increased regulatory awareness among investors and more aggressive enforcement by authorities. The FSS has been actively encouraging market participants to report suspicious activities, including pump-and-dump schemes, wash trading, and other forms of market manipulation.