The main regulator of the Korean Financial Supervisory Service recently stated that they will investigate Sui to determine if it is a scam. The regulatory agency stated: "The sharp drop in the price of SUI tokens is mainly due to their false reporting of circulation, but they have not addressed this issue. Since its listing, the token price has fallen by more than 67%. The issuer Sui Foundation obtained personal benefits by depositing frozen funds and then selling to increase circulation."
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South Korean regulators will investigate Sui to determine whether it is a scam
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