Bithumb, South Korea’s largest cryptocurrency exchange, is preparing to close some of its offices due to the ongoing COVID-19 pandemic.
Bithumb will temporarily close its offline support center in Gangnam to prevent the spread of COVID-19, according to an official announcement on November 23. Bitumb noted that the number of confirmed cases of Coronavirus in the country has increased, prompting local authorities to take additional preventive measures.
The Bithumb Support Center in Seoul will be closed on November 24 until further notice. Meanwhile, Bithumb will operate an online customer support center.
Bithumb has been actively posting on its blog in recent months, but none of the ads affected the reported investigation of the leaders. South Korean police have reportedly carried out at least two raids on Bithumb’s offices in connection with the alleged fraud, and the company’s president, Lee Jong Hoon, has been summoned for questioning. Bithumb did not respond to any request from Cointelegraph for comment.
According to Cointelegraph, the pandemic has had a major impact on the blockchain and cryptocurrency industry so far, and it appears to be one of the main reasons behind the growth of the Bitcoin parabola (BTC) in 2020. According to some industry leaders, COVID-19 has not had a negative impact. On the blockchain industry, but it has increased demand for innovation and adoption of the blockchain.