**Crypto News Flash: Plus Token Ether on the Move, Filipino 'Crypto King' Arrested, and Upbit Sparks Bank-Run Fears**

**Plus Token Ether Moves**

- Around $16 million in Ether linked to the Plus Token scam has started moving to exchanges, signaling a potential sell-off.

- The infamous Ponzi scheme, which defrauded investors of billions, saw Chinese authorities seize 833,083 ETH.

- Recent analysis shows 15,700 ETH moved this week, with 7,000 ETH entering exchanges, raising concerns about further sell pressure.

**Filipino 'Crypto King' Arrested**

- Filipino police arrested 23-year-old Joshua, accused of defrauding investors out of $10.5 million.

- Known as Vance Joshua Tamayo, he promised high returns but later cut off communications with investors.

- Authorities plan to file a large-scale fraud case to prevent him from posting bail again.

**Upbit Sparks Bank-Run Fears**

- Upbit's dominance in South Korea's crypto market has raised concerns about a potential bank run at K-Bank, its banking partner.

- Lawmaker Lee Kang-il warned that disruptions in Upbit's services could trigger a bank run, affecting K-Bank's $3 billion in customer deposits.

- The Financial Services Commission is under scrutiny for its role in this potential risk, with ongoing efforts to enhance regulations.