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Authorities flag about 30 digital asset unfair trading cases; basic act to include account freezes, rewards

South Korea\'s financial authorities completed investigations into about 40 cases of unfair trading in digital assets over two years after the Digital Asset User Protection Act took effect and referred about 30 cases to investigative agencies. The suspects total 25, with average illicit gains of about 1.4 billion won per case. Most cases involved market manipulation, including so-called \"racehorse\" and \"fish trap\" schemes. Authorities also imposed penalties and are considering account and payment freezes and rewards for reporting unfair trading in a planned digital asset law.