South Korea’s Financial Services Commission decided at its 16th regular meeting on Sept. 23 to file complaints and refer suspects in four unfair trading cases in the virtual asset market to investigative authorities. Three cases involved alleged price manipulation using automated trading programs through APIs (software interfaces connecting systems). The fourth involved executives and employees at a virtual asset operator accused of using wash trading (trades creating artificial market activity) to inflate more than 90% of an asset’s trading volume, preserve its exchange listing and seek additional listings on major exchanges.