2024.11.18
‘Extreme greed’ in crypto investing, authorities step up scrutiny
The cryptocurrency market is showing signs of overheating, with both the Fear and Greed Index (83) and Upbit's index (75.16) entering the "Greed" zone, while deposits have increased by 2.4 trillion won and trading volume has doubled. In response, financial authorities are establishing a hotline with exchanges to monitor abnormal transactions and crack down on unfair practices, particularly focusing on the spread of false information. Major exchanges like Upbit and Coinone are strengthening their surveillance systems, with Upbit adding market trend monitoring to its 'UMO' system and Coinone implementing real-time monitoring for unauthorized activities.
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