South Korean authorities have taken action against Bithumb, conducting a forced search as they suspect the manipulation of token prices by specific entities.

According to reports from the Korean news agency, the Korean prosecution authorities have identified specific entities or individuals manipulating token prices intentionally to gain unfair profits, and have conducted a forced search at the cryptocurrency exchange Bithumb. The Seoul Southern District Prosecutors' Office's Financial Investigation Department conducted a seizure search at Bithumb's headquarters in Gangnam-gu, Seoul, to ensure access to corresponding transaction details. The prosecution authorities also stated that they will investigate transaction details of other exchanges.

According to Yonhap News Agency, the South Korean prosecutors have uncovered cases of specific forces or individuals intentionally manipulating token prices to gain unfair profits, and have conducted a forced search on the cryptocurrency exchange Bithumb. The Financial Investigation Division of the Seoul Southern District Prosecutors' Office conducted a seizure search on the Bithumb headquarters located in Gangnam-gu, Seoul, to secure corresponding transaction details. The prosecutors also stated that they will investigate transaction details of other exchanges.

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