South Korea Crypto Market Collapses Following President Yoon’s Martial Law Announcement
- South Korea’s crypto market plummeted after martial law was declared, with Bitcoin dropping 30% on Upbit.
- Crypto whales capitalized on market panic, transferring $163M USDT to seize discounted assets.
South Korea’s cryptocurrency market experienced a massive downturn after President Yoon Suk Yeol declared martial law, citing national security concerns. This development aligns with a recent CNF update that highlighted South Korea recognizing crypto as marital assets in divorce settlements.
The announcement triggered widespread panic among investors, leading to sharp sell-offs. As confirmed in a CNN World update, the political situation in South Korea intensified as:
Yoon declared martial law in a surprise late-night…
