Anatomy of a Crypto Scam: S. Korea Exposes $4.85M ACE Token Fraud Tactics

Quick Summary:

South Korean authorities detailed two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses totaling 7.1 billion won ($4.85 million).  Findings from a trial in Seoul specify how traders used artificial strategies to deceive the market.

Fake Volume Scheme Created Illusion of Demand The first method […]

The post Anatomy of a Crypto Scam: S.Korea Exposes $4.85M ACE Token Fraud Tactics appeared first on Coin Edition.

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Article Details

Author / Journalist: Lipika Deka

Category: Crypto

Markets: IndiaSouth Korea

Topics: Uncategorized News Fusionist (ACE) Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 12:55:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 141 words

Reading Time: 1 minutes read

Sentences: 54 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 27564106

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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