South Korea crypto traders cleared in $3.2B arbitrage case

South Korea authorities have acquitted a group of cryptocurrency traders previously accused of exploiting the “Kimchi premium” by conducting arbitrage between local and overseas exchanges. The traders were alleged to have capitalized on the price discrepancies to amass profits estimated at $3.2 billion. This ruling has sparked discussions on the regulatory framework surrounding cryptocurrency... source: https://www.cryptopolitan.com/south-korean-crypto-traders-cleared-in-3-2b/