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South Korean watchdog investigates Coinone after MOVE token surge

FSS probes Coinone’s MOVE token surge: The Financial Supervisory Service has launched an investigation into Coinone after the MOVE token skyrocketed from 215.3 won to 998,500 won, only to fall back to 5,300 won. This dramatic change raises concerns about possible manipulation.

Regulatory scrutiny on Coinone: Investigators are examining Coinone’s practices during the MOVE token launch, especially its timing, as it was listed before other platforms like Upbit and Bithumb. This scrutiny follows previous regulatory issues within the cryptocurrency sector.

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