Prosecutors appeal the ruling that the unjust enrichment claim in the first Virtual Assets Act case involving 7.1 billion won in fraudulently obtained through price manipulation cannot be calculated.

Prosecutors have appealed a court ruling that the amount of ill-gotten gains in the first case of violation of the Virtual Asset User Protection Act, in which 7.1 billion won was embezzled through price manipulation, cannot be accurately calculated, Newsis reported. The defendants in the case are accused of manipulating the price of Coin A between July and October 2024, inflating the trading volume and inducing coin trading through false buy orders, thereby reaping 7.1 billion won in ill-gotten gains. The court of first instance previously rejected the 7.14422 billion won in ill-gotten gains stated in the indictment and ruled it an undisclosed amount, partially acquitting the defendants. The prosecution claims that this constituted a misunderstanding of the law, a misunderstanding of the facts, and an unfair sentencing.