**News Flash: South Korean Crypto Exchange Upbit Under Monopoly Investigation**

South Korea's Financial Services Commission (FSC) is set to investigate Upbit, a leading cryptocurrency exchange, over potential anti-monopoly breaches. This follows concerns raised by lawmaker Lee Kang-il during a parliamentary audit about Upbit's dominant market position and its close ties with online bank K-Bank.

Key Points:

- Upbit's deposits form a significant chunk of K-Bank's holdings, raising fears of a potential bank run.

- FSC Chairman Kim Byung-hwan confirmed awareness of the monopoly issue and plans to scrutinize Upbit's market structure.

- K-Bank, a key partner of Upbit since 2021, recently filed for an IPO that could raise up to $732 million.

Stay tuned for updates on this developing story.