Bithumb, the most important cryptocurrency alternate in South Korea, is making ready to shut a few of its places of work as a result of ongoing COVID-19 pandemic.
Based on an official announcement on Nov. 23, Bithumb will probably be quickly suspending its offline help middle in Gangnam to stop the unfold of COVID-19. Bithumb famous that the variety of home confirmed circumstances of the coronavirus illness has elevated, inflicting native authorities to undertake extra preventive measures.
Bithumb’s help middle in Seoul will probably be closed on Nov. 24 till additional discover. Within the meantime, Bithumb will function a web based buyer help middle.
Bithumb has been actively posting on its weblog in latest months, however not one of the bulletins have touched upon a reported investigation focusing on its executives. As reported, South Korean police performed no less than two raids on Bithumb’s places of work in connection to the alleged fraud, whereas the corporate’s chairman Lee Jung-hoon was reportedly summoned for interrogation. Bithumb has not responded to any of Cointelegraph’s requests for remark.
As reported by Cointelegraph, the pandemic has had a serious influence on the blockchain and crypto trade to date, apparently being one of many key causes behind Bitcoin’s (BTC) parabolic rise in 2020. Based on some trade executives, COVID-19 didn’t negatively influence the blockchain trade however drove elevated demand for blockchain innovation and adoption.