韩国检察官详细详细介绍了用来操纵融合主义者（ACE）代币价格的两种欺诈性交易策略

韩国当局详细介绍了在融合派（ACE）代币的价格操纵中使用的两种欺诈性交易策略，这导致投资者损失总计71亿韩元（485万美元）。

South Korean authorities have highlighted two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses of 7.1 billion (385 million) in new learnings from a trial in Seoul.

韩国当局强调了在融合派（ACE）代币的价格操纵中使用的两种欺诈性交易策略，这导致投资者在首尔的一项审判中获得了71亿（3.85亿）的损失。

How traders used an artificial strategies to deceive the market.

交易者如何使用人工策略欺骗市场。

Fake Volume Scheme Created Illusion of Demand

假批量方案产生了需求的幻想

The first method involved the artificial inflation of trading volume. Manipulators strategically placed buy limit orders above the market price while simultaneously setting sell limit orders below it.

第一种方法涉及交易量的人工通货膨胀。操纵者在战略上放置了购买限额订单以上的购买限额，同时将卖出限额订单在其下方。

This created a false impression of high demand, leading traders to believe the token was experiencing organic growth. Reports indicate smart contracts automatically executed these orders, maintaining constant activity and masking the lack of genuine market interest.

这给高需求带来了错误的印象，使交易者相信代币正在经历有机增长。报告表明，智能合约会自动执行这些订单，保持持续的活动并掩盖缺乏真正的市场兴趣。

High-Speed Spoofing Faked Buy Pressure

高速欺骗伪造的购买压力

The second method involved creating fake buy pressure via spoofing. Manipulators placed buy orders at five price levels above the last traded price, designed to mimic real investor demand, only to automatically cancel them within three seconds.

第二种方法涉及通过欺骗产生假购买压力。操纵者将购买订单以高于最后交易价格的五个价格水平下达，旨在模仿真正的投资者需求，仅在三秒钟内自动取消它们。

Repeating this process continuously misled traders about sustained interest, artifactscially driving up the price.

重复这一过程不断误导交易者持续的兴趣，伪影提高了价格。

Prosecutors Detail Manipulation Impact

检察官细节操纵影响

On April 3, prosecutors reportedly exposed how defendants manipulated ACE token prices using “hit” orders (loss-making trades to inflate volume) and spoofing (e.g., repeatedly placing and canceling fake buy orders). These tactics caused a 15-fold surge in daily ACE volume on Bithumb, with “hit” orders accounting for nearly 89% of the activity.

据报道，4月3日，检察官揭露了被告如何使用“命中”订单（以增加数量的损失交易）和欺骗（例如，反复下达和取消假买入订单）如何操纵ACE令牌价格。这些策略在Bithumb上每天的ACE量增加了15倍，“命中”订单占活动的近89％。

Prosecutors noted that the defendants also placed legitimate sell orders to liquidate coins entrusted to them, although these were not part of the manipulation charges.

检察官指出，被告还下达了合法的卖出命令，以清算托付给他们的硬币，尽管这些命令不是操纵指控的一部分。