🚨 **Crypto Comedy: Upbit Under the Microscope!** 🚨

- Major South Korean crypto exchange Upbit is in the hot seat, facing a monopoly investigation by the Financial Services Commission (FSC).

- Lawmaker Lee Kang-il raised eyebrows during a parliamentary audit, pointing out Upbit's cozy relationship with K-Bank and the potential for a bank run.

- FSC Chairman Kim Byung-hwan confirmed the probe, stating, "We’ll check the situation after implementing the new Electronic Financial Transaction Act."

- Meanwhile, K-Bank is eyeing a $732M IPO, potentially the biggest in South Korea in three years. Stay tuned for more updates!