On October 17, the head of the South Korean Financial Supervisory Service, Lee Bok-hyun, said in an audit of the National Assembly Political Committee on the 17th that "we are investigating the issue of AVAIL coins traded on Bithumb". Avail soared to 3,500 won in 15 minutes after going live at 263 won on July 23, but fell to 296 won less than a day later, raising suspicions of price manipulation.
In response, Min Byoung-dug, a lawmaker from the Democratic Party of Korea, said, "This AVAIL token incident means that Bithumb's own abnormal trading system is not working at all. Bithumb said that only transactions that account for more than 5% of the total issuance will be considered abnormal transactions."
South Korea's Financial Supervisory Service is investigating various abnormal transactions, including AVAIL on Bithumb
2024-10-17 05:44:08
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