Bithumb Crypto Trade is briefly closing some places of work attributable to COVID-19


Bithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic.

According to an official announcement on November 23, Bithumb will temporarily shut down its offline support center in Gangnam to help prevent the spread of COVID-19. Bithumb noted that the number of domestically confirmed cases of coronavirus disease has increased, prompting local authorities to take more preventive measures.

Bithumb's support center in Seoul will be closed on November 24th until further notice. In the meantime, Bithumb will operate an online customer service center.

Bithumb has been actively posting on its blog for the past few months, but none of the announcements touched on a reported investigation targeting its executives. South Korean police reportedly carried out at least two raids on Bithumb's offices in connection with the alleged fraud, while the company's chairman Lee Jung-hoon was reportedly called for questioning. Bithumb did not respond to any request for comment from Cointelegraph.

As reported by Cointelegraph, the pandemic has so far had a significant impact on the blockchain and crypto industries, which is apparently one of the main reasons behind Bitcoin's (BTC) parabolic surge in 2020. According to some industry executives, COVID-19 was not negatively impacting the blockchain industry, but it was an increased demand for blockchain innovation and adoption.


Melinda Martin