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2026-06-24 21:57 1mo ago
2024-03-19 14:05 2yr ago
Alchemy Pay Teams Up with Fusionist to Streamline $ACE Token Access
ACE Fusionist ACH Alchemy Pay
CoinGecko News
Original source text
Table of contents

Alchemy Pay, a top payment gateway for converting regular money into cryptocurrency, has teamed up with Fusionist.  It is a leader in blockchain gaming. It will make it easier for people to buy and use Fusionist’s native token, $ACE. Alchemy Pay and Fusionist will benefit from this partnership by making $ACE tokens easier to buy worldwide. Alchemy Pay’s platform now accepts preferred payment methods and local fiat currencies. This makes the service more accessible and easier to use for cryptocurrency fans.

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 19, 2024 Fusionist Leverages Alchemy Pay Partnership to Enhance $ACE Token Visibility This partnership boosts Alchemy Pay’s cryptocurrency payment ecosystem dominance. Alchemy Pay adds more tokens and simplifies fiat-to-crypto conversions to promote cryptocurrency use and make the growing digital asset market easy to use. Alchemy Pay Fiat On-Ramp adding $ACE tokens shows its commitment to adapting to users’ needs and helping the cryptocurrency community.

Fusionist benefits from Alchemy Pay’s integration with $ACE, making it more visible and usable. Fusionist wants to revolutionize gaming with decentralized finance. Through a blockchain-powered gaming platform. Fusionist uses the $ACE token as its main currency, encouraging users to participate in many gaming projects. For more people to buy and use $ACE tokens, Fusionist can integrate them onto the Alchemy Pay Fiat On-Ramp and use its large network and user base.

Fusionist’s Endurance website has a “Buy ACE” section that lets community members buy $ACE tokens directly through Alchemy Pay’s ramp support. This integration makes it easier for Fusionist’s community to get $ACE tokens without third parties, improving their experience. Fusionist wants to increase user engagement by making tokens easier to get. This boosts ecosystem growth and adoption.

Alchemy Pay and Fusionist Partner for Industry Transformation Fusionist and Alchemy Pay are doing more than adding tokens. They want to boost worldwide blockchain gaming growth and innovation. Fusionist’s innovative blend of gaming and decentralized finance fits Alchemy Pay’s mission to make cryptocurrency more accessible and inclusive. The two groups want to break down the barriers between gaming and finance and create decentralized gaming experiences.

Ultimately, Alchemy Pay and Fusionist’s partnership could boost the gaming industry adoption of cryptocurrency. The partnership wants to open and decentralize the gaming ecosystem by making games more accessible, and liquid, and encouraging new ideas. These partnerships are crucial to popularizing the digital asset market and expanding blockchain gaming as the market evolves.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
2026-06-24 21:57 1mo ago
2024-04-23 05:54 2yr ago
UXLINK Launches AIRDROP2049 with OKX Ventures, Web3Port, Trusta, and 50+ Leading Web3 Projects
ACE Fusionist GMT GMT MBX Marblex
CoinGecko News
Original source text
UXLINK Launches AIRDROP2049 with OKX Ventures, Web3Port, Trusta, and 50+ Leading Web3 Projects
2026-06-24 21:57 1mo ago
2024-07-04 15:06 2yr ago
Fusionist Combines Advanced Web3 AAA Game and Decentralized Social Infrastructure
ACE Fusionist DESO Decentralized Social
CoinGecko News
Original source text
Fusionist (ACE) is a project that combines the advanced Web3 AAA game Fusionist with the decentralized game/social infrastructure layer Endurance. Endurance has been operating on its mainnet since January 2023, achieving significant growth with over 1.86 million token holder wallets and more than 100 million transactions. The ACE token is used for various purposes such as in-game spending, ecosystem participation, staking, and governance, and serves as gas for all transactions on the Endurance Blockchain. In this article, you can find answers to two frequently asked questions: What is Fusionist (ACE) and how to buy Fusionist (ACE) with TRY.

What is Fusionist (ACE)?Fusionist is a Web3 AAA game and decentralized game/social infrastructure layer that combines an advanced blockchain game with a robust social platform. The project includes Fusionist, a high-quality game built by experienced gaming professionals using Unity and HDRP technologies to offer players an immersive and engaging experience. In addition to Fusionist, the project also includes Endurance, a decentralized gaming and social blockchain that has been live on the mainnet since January 2023.

Fusionist offers a top-tier gaming experience designed by industry veterans to captivate and entertain users. The game leverages the latest technology to provide high-quality graphics and gameplay that appeal to both casual and hardcore gamers. The team behind Fusionist is dedicated to creating a diverse and rich gaming environment where players can fully immerse themselves in the virtual world.

The decentralized gaming and social platform Endurance enhances the Fusionist experience by providing a comprehensive infrastructure layer. This layer includes various gaming and social features such as Expedition, Auction House, ACEdomain, and Beta testing. Since its launch, Endurance has achieved significant growth by bringing together over 1.86 million token holder wallets and surpassing 100 million transactions. This robust infrastructure allows users to find their preferred ways of gaming, socializing, and earning within the ecosystem.

ACE token is the mainnet asset of the Endurance Blockchain and serves multiple purposes within the ecosystem. ACE can be used to purchase items, tournament tickets, and earn rewards within the game. The use of ACE is not limited to Fusionist, as it also encompasses new games developed by the Fusionist team and its partners. This broad application ensures that ACE remains a valuable asset for all participants in the ecosystem.

Beyond in-game usage, the ACE token is an integral part of the broader Endurance ecosystem. Users can purchase goods and services across the platform, including social products and domain names. This extensive utility increases user engagement and fosters a vibrant, interconnected community. ACE tokens also play a crucial role in staking and governance, allowing holders to stake their tokens to secure the network and participate in governance decisions, thereby influencing the platform’s future direction.

Finally, the ACE token is used as gas for all transactions on the Endurance Blockchain. This fundamental function ensures the smooth and efficient operation of the blockchain, facilitating millions of transactions and supporting the ecosystem’s growth. As Endurance continues to expand, the role of ACE as a transaction medium is expected to become increasingly vital, forming the foundation of the entire infrastructure.

How to Buy Fusionist (ACE) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Fusionist (ACE). On Binance TR, where you can quickly create an account, you can trade over 100 cryptocurrencies, including ACE. To buy Fusionist (ACE) with TRY on Binance TR, you can follow the steps below.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.

After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm and verify the information. After completing this process, you will proceed to the second step, which is identity verification (KYC).

How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that need to be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website as well.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” In the next step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue with the verification process, first, select the document type that is suitable for you.

After selecting the document type, you can continue by tapping on the “Upload Front Side” option. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.

Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.

After completing all these steps accurately and correctly, your identity verification process will be completed in a short time.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and perform transactions without interruption. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.

Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy ACE Coin with TL on Binance TR?After the deposit process, you can proceed to the step of buying ACE coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.

After clicking on this option, the following page will open. By typing “ACE” in the search section on the right side of this page, you can go to the ACE/TRY option and go to the page for buying ACE with TL.

Now the following ACE trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy ACE in the first box and the number of ACE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ACE” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users supported by Binance TR with Binance’s core functions gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
2026-06-24 21:57 1mo ago
2024-09-02 19:00 1yr ago
What is Fusionist (ACE) Coin?
ACE Fusionist
CoinGecko News
Original source text
Fusionist (ACE) is the fusion of the Blockchain-based game Fusionist with the game/social infrastructure layer Endurance. The value proposition of Endurance and Fusionist is to combine the latest Blockchain technology with a high-quality gaming experience, as seen in Fusionist’s use of the Unity engine and HDRP technology. In this article, you’ll find answers to many questions such as what Fusionist is, what ACE coin is, and how to acquire ACE coin, which will soon be listed on the major cryptocurrency exchange Binance.

Fusionist is a combination of a Blockchain game (Fusionist) and a game/social infrastructure layer (Endurance). Fusionist is a Web3 AAA game built by a group with experience in the gaming industry. It uses Unity and HDRP technologies to provide all users with a first-class product and engaging gaming experience.

Endurance, on the other hand, is a decentralized game/social Blockchain that has been on the mainnet since January 2023. The infrastructure layer offers users various gaming and social options (Expedition, Auction House, ACEdomain, Beta testing, etc.), allowing all participants to easily find their own ways to play, socialize, and earn. The Endurance Blockchain provides a multi-layered architecture to ensure scalability and facilitate the reuse of existing modules. This architectural infrastructure consists of client interface execution engines, network protocols, and storage. Additionally, this architecture enables the easy and efficient modification of existing smart contracts.

Since the launch of Endurance in January 2023, it has reached wallet addresses holding over 1.86 million tokens, and the number of transactions on the network has exceeded 100 million, making a significant breakthrough.

ACE Coin OverviewACE is the native asset of the Endurance Blockchain and has many uses, including in-game spending/earning, ecosystem participation, staking and governance, and transaction fees. Let’s take a closer look at these uses:

In-Game Spending/Earning: It is used to purchase in-game items, tournament tickets, winner rewards, and more. The rewards for the game are not limited to the flagship Fusionist game but are also available in other games built by the Fusionist Team and its partners.Ecosystem Participation: It is used by users to purchase products and services throughout the Endurance ecosystem (social products, domain, etc.).Staking and Governance: ACE coin holders can stake their coins to secure the network and also vote on decisions regarding network governance.Transaction Fees: ACE coin is used as a transaction fee for all transactions performed on the Endurance Blockchain.As of December 16, 2023, the total supply of ACE is limited to 147 million units.

How to Acquire ACE Coin?ACE coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. ACE coin will be listed on Binance on December 18, 2023, and will be traded in the ACE/USDT, ACE/FDUSD, and ACE/TRY trading pairs.

To purchase ACE (if you don’t have one), you first need to register on the Binance exchange. After completing the registration process, you should transfer cryptocurrency or fiat money like Turkish lira to your account wallet on Binance. Once the transfer is complete, you can buy ACE coins in any of the three pairs mentioned above.

Binance‘s ACE/USDT trading pair to buy, you should first navigate to the interface of this trading pair. From the limit tab on the trading pair interface, enter the amount you want to purchase in the specified field. After entering the amount, the purchase is completed with the Buy ACE order.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
2026-06-24 21:57 1mo ago
2024-12-24 09:11 1yr ago
BOME, ACE, & 8 Other Crypto Risks Falling Amid Binance’s Delisting Announcement
ACE Fusionist ACM AC Milan Fan Token MTL Metal PIXEL Pixels QKC Quarkchain RAD Radicle
CoinGecko News
Original source text
Binance, a leading crypto exchange, has informed the delisting of spot trading pairs for several tokens, sparking speculations. The tokens are Fusionist (ACE), AC Milan Fan Token (ACM), Book of Meme (BOME), Dymension (DYM), Metal DAO (MTL), Pixels (PIXEL), QuarkChain (QKC), Radworks (RAD), and Renzo (REZ). Among these, QuarkChain (QKC) saw the steepest decline, dropping 12%. This move reflects Binance’s commitment to ensuring market quality, sparking varied reactions across the market.

Binance Announces Delisting Of BOME, ACE, & Others Binance announced on December 24 that it would remove 11 trading pairs. The affected trading pairs include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY.

The exchange said that the base and quote assets of these tokens will still be available for trading through other spot pairs. Additionally, the top crypto exchange said that it would terminate its Spot Trading Bots for these pairs on the same date.

Meanwhile, the delisting will take effect at 03:00 (UTC) on December 27. Users should cancel or update their Spot Trading Bots to avoid potential losses. The exchange reiterated that delisting specific trading pairs does not affect the availability of the underlying tokens on its platform.

Will The Crypto Prices Dip Ahead? The Binance delisting announcement has sparked varied market reactions across the 10 affected tokens. Fusionist (ACE) price saw a modest 4% increase, trading at $2.157, with a 24-hour low of $2.015 and a high of $2.218. Similarly, AC Milan Fan Token (ACM) price climbed 4% to $1.634, with lows and highs of $1.566 and $1.645, respectively.

Book of Meme (BOME) price gained approximately 5%, trading at $0.0065, supported by a $450M market cap. Dymension (DYM) price experienced a 6% rise, trading at $1.50, with its 24-hour low and high recorded at $1.40 and $1.542. Metal DAO (MTL) price mirrored the positive trend, climbing 6% to $1.20, driven by a $94M market cap.

Pixels (PIXEL) price saw a 4.6% uptick, reaching $0.16. However, not all tokens benefited, as QuarkChain (QKC) price suffered a steep 12% decline, trading at $0.0112. Minor gains were recorded for Radworks (RAD) at $1.256 and Renzo (REZ) at $0.036, each with a modest 2% increase.

Historically, Binance delistings have had severe impacts on token performance. For instance, Heroes of Mavia (MAVIA) price fell by 28%, OMG Network (OMG) price dropped by 15%, and BarnBridge (BOND) price plummeted by 80% within a month of being delisted. These cases demonstrate how delistings often lead to panic selling, reduced liquidity, and long-term price declines, causing significant concerns for investors in affected tokens.
2026-06-24 21:57 1mo ago
2024-12-25 19:00 1yr ago
How to Buy Fusionist (ACE) Coin?
ACE Fusionist
CoinGecko News
Original source text
Fusionist (ACE) is a combination of the blockchain-based game Fusionist and the game/social infrastructure layer Endurance. The value proposition of Fusionist and Endurance lies in bringing together Fusionist’s Unity engine and HDRP technology with cutting-edge blockchain technology to deliver a high-quality gaming experience. This article explores what Fusionist is, what ACE coin represents, and how to acquire ACE coin, which will be listed on Binance.

What is Fusionist?Fusionist is a Web3 AAA game developed by an experienced team in the gaming industry. It aims to provide a premium product and an engaging gaming experience to all users by leveraging Unity and HDRP technologies. Its integration with Endurance supports Fusionist’s game/social infrastructure, offering users various gaming and social options.

Endurance, operating on its mainnet since January 2023, is a decentralized game/social blockchain. Its infrastructure layer provides users with diverse gaming and social options and ensures scalability with its multi-layered architecture. Endurance houses the native asset ACE coin, which has various use cases within the ecosystem.

The primary use cases of ACE coin are as follows:

In-Game Spending/Earnings: Used in Fusionist and other games to purchase items, tournament tickets, and rewards.Participation in the Ecosystem: ACE coin can be used to buy products and services within the Endurance ecosystem (social products, domain services, etc.).Staking and Governance: ACE coin holders can stake their coins to secure the network and participate in governance decisions.Transaction Fees: ACE coin serves as the transaction fee for all operations on the Endurance blockchain.The total supply of ACE coin is 147 million as of December 16, 2023.

ACE coin will be securely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. ACE coin will be listed on Binance on December 18, 2023, and can be traded in the pairs ACE/USDT, ACE/FDUSD, and ACE/TRY.

To buy ACE coin, you must first register on Binance (if not already a member). After completing the registration process, fiat currency like USD or cryptocurrency must be transferred to your Binance wallet. Once the transfer is complete, ACE coin can be purchased in any of the three trading pairs mentioned above.

To buy from the ACE/USDT trading pair, first navigate to the interface of this trading pair. On the trading interface, enter the desired amount to purchase in the limit section. After entering the amount, complete the purchase by placing a Buy ACE order.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
2026-06-24 21:57 1mo ago
2025-01-03 14:34 1yr ago
Two South Koreans arrested for alleged price manipulation on Bithumb
ACE Fusionist
CoinGecko News
Original source text
Two South Korean men have been implicated in a case of price manipulation on the crypto exchange Bithumb. The two men allegedly gained nearly $5 million from manipulating the price of the Fusionist token, ACE.

According to a Jan. 3 report on local news media Digital Asset, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Joint Investigation Team arrested 33-year-old CEO of virtual asset operator M, Lee, alongside a former employee of M, Kang, for alleged market manipulation on Bithumb.

The pair were charged with price manipulation and violating the South Korean Virtual Asset User Protection Act.

Based on the police investigation conducted by Chief Park Geon-wook, the pair manipulated the price of blockchain-based gaming project Fusionist’s native token, ACE. In South Korea, Bithumb is the only crypto exchange known to list ACE for market trading.

This is the first case that the South Korean Financial Services Commission immediately categorized as a top priority, placing it on the “Fast Track” for processing since Oct. 25, 2024, for alleged violations of the Virtual Asset User Protection Act.

According to the press release, Lee and Kang allegedly sold around 1.22 million ACE tokens and made a profit amounting to 7.1 billion won ($4.8 million) by submitting fake buy and sell orders to inflate the ACE price.

On July 22, 2024, the prosecutor’s office noted that Fusionist token’s trading volume increased by nearly 15 times in a single day to about 2.45 million. This kind of suspicious trading activity tipped off authorities to the scheme happening behind the scenes.

Price chart for the Fusionist token’s performance in the past year of 2024 | Source: CoinGecko At the time of writing, ACE has dipped slightly by 0.3% in the past 24 hours, according to CoinGecko. In the past week, the token has gone up by 1.1%. However, over the past year, the Fusionist token has fallen by nearly 75%. ACE has a market cap of around $92 million and a fully diluted valuation of $319 million.

Globally, ACE’s trading volume stands at $7.8 million in the past 24 hours. Its trading volume went down by 15% from the previous day, signaling a decrease in market activity.

ACE was first listed on Bithumb in August 2024 at a starting price of around 3,722 won ($2.53).
2026-06-24 21:57 1mo ago
2025-04-03 11:22 1yr ago
South Korean Prosecutors Uncover Fusionist (ACE) Token Price Manipulation Scheme
ACE Fusionist
CoinGecko News
Original source text
Hassan Shittu

Journalist

Hassan Shittu

Part of the Team Since

Jun 2023

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Has Also Written

Last updated: 

April 3, 2025

In what has become one of the most significant cases in South Korea’s crypto market, the Seoul Southern District Prosecutors’ Office has exposed an elaborate price manipulation scheme involving the Fusionist (ACE) token, which is down 13% in the past 24 hours.

Source: CoinGeckoAccording to a local source, Lee and Kang, who allegedly orchestrated artificial price inflation on the Bithumb exchange, accumulated illicit profits amounting to 7.1 billion won ($4.8 million).

The case, categorized as a top priority under the newly enacted Virtual Asset User Protection Act, was placed on an expedited “Fast Track” for prosecution in October 2024.

The investigation revealed that the duo engaged in sophisticated methods to deceive investors and inflate trading volumes, effectively distorting market realities to their advantage.

On April 3rd, at the third trial hearing at the 14th Criminal Division of the Seoul Southern District Court, prosecutors detailed the methods employed by the accused, shedding light on two primary tactics called “’hit’ order strategy and fake buy orders.”

These manipulative trading practices not only misled investors but also artificially bolstered ACE’s market performance, triggering widespread trading activity based on fraudulent signals.

Price Manipulation Tactics: “Hit” Orders and Fake Buy OrdersOne of the key methods employed by Lee and Kang was the implementation of ‘hit’ orders.

This involved submitting limit buy orders at a price higher than the current market rate while simultaneously placing limit sell orders below market value.

This technique ensured that trades were executed unconditionally, effectively inflating the trading volume.

Prosecutors likened this to a form of “bicycle trading,” where an illusion of heightened market activity is created to lure in unsuspecting investors.

By avoiding direct self-trading, an act punishable under the Virtual Asset User Protection Act, the perpetrators circumvented legal consequences while achieving the same effect, which is manipulating market sentiment and artificially increasing trading activity.

The impact of this tactic was evident on July 22, 2024, when ACE’s trading volume on Bithumb skyrocketed nearly 15-fold in just one day, from an average of 160,000 to approximately 24.05 million.

Notably, at the time of writing, the Fusionist token is down 94.2% in the last year and 33.8% in the previous month.

Source: CoinGeckoAlarmingly, an estimated 88.69% of these transactions were identified as manipulated.

In addition to ‘hit’ orders, the accused employed a strategy involving fake buy orders.

This method involved placing multiple low-price purchase orders at predefined intervals 3%, 5%, 7%, 9%, and 11% below the most recent transaction price.

These orders were then systematically canceled within seconds before they could be executed, creating a misleading impression of strong buy-side interest.

By repeating this cycle over an extended period, the manipulators effectively induced a false sense of demand, enticing real investors into entering the market.

The prosecution’s findings revealed that between July 28, 2024, and August 5, 2024, these false buy orders escalated, with cancellation rates nearing 100%.

More strikingly, 80-90% of all purchase orders on Bithumb during this period were linked to these deceptive tactics.

The Broader Implications for the South Korean Crypto MarketThis case represents the first time the Virtual Asset User Protection Act has been enforced through the “Fast Track” prosecution process.

This case has also coincided with broader regulatory shifts in South Korea’s crypto sector.

The country’s Financial Services Commission (FSC) has recently indicated a potential policy change that could allow foreign investors to access domestic exchanges under stringent anti-money laundering (AML) requirements.

This proposed shift responds to global competitive pressures and a desire to curb market anomalies like this current case.

Looking forward, with the prosecution making a strong case against Lee and Kang, the outcome of this trial could set a precedent for future cryptocurrency fraud cases in the country.
2026-06-24 21:57 1mo ago
2025-12-17 12:35 7mo ago
Binance Puts $5 Million Bounty on Fake Listing Agents as Scrutiny Intensifies
ACE Fusionist
CoinGecko News
Original source text
Binance Puts $5 Million Bounty on Fake Listing Agents as Scrutiny Intensifies