South Korea Probes ZKsync After 970% Price Surge Sparks Manipulation Concerns on Upbit

TLDR: ZKsync surged 970% to $0.24 on Upbit before crashing back to $0.023 within nine hours on February 1.  Trading volumes on Upbit exploded 4,000% compared to just 150% on Coinbase during the same period.  Violators face over one year in prison and fines up to five times their profits under Korean law.  South Korea [...]

The post South Korea Probes ZKsync After 970% Price Surge Sparks Manipulation Concerns on Upbit appeared first on Blockonomi.