🔔 Breaking news from the world of cryptocurrency! 🔔

- South Korea's Financial Service (FSC) plans to investigate Upbit due to its market dominance and close ties with K Bank.

- FSC Chairman Kim Byung-hwan said the regulator will closely examine the concentration of power in the country's crypto market.

- Upbit, the largest crypto exchange in South Korea, controls about 80% of the market and has more than 8 million users.

- Lawmaker Lee Kang-il expressed concerns about the risks associated with Upbit's dominance and its partnership with K Bank.

- If Upbit's transactions go wrong, it could lead to a "bank run" at K Bank, which relies heavily on Upbit deposits.

💬 Share your thoughts in the comments! What measures do you think will help balance the market?