A South Korean court has issued an arrest warrant for accused President Yoon Suk Yeol after his attempt to impose martial law in early December failed. Following the announcement, Bitcoin price fell below $90,000 on South Korean crypto exchanges.
On Dec. 31, the Seoul Western District Court approved the arrest warrant, marking the first time in South Korea’s history that an indicted president faced such a move, according to a Korea Herald.
This came after Yoon failed to appear for questioning for the third time by the investigative task force, which also includes the Korea National Police Agency and other senior officials.
Yoon’s controversial decision to declare martial law on December 3 resulted in a significant drop in the price of Bitcoin and other cryptocurrencies. On South Korean exchanges like UpBit, the price of Bitcoin plunged below $90,000, a dramatic drop of up to $30,000 in just six hours.
This break-in…
