Bithumb, the most important cryptocurrency trade in South Korea, is making ready to shut a few of its workplaces as a result of ongoing COVID-19 pandemic.

In response to an official announcement on Nov. 23, Bithumb might be quickly suspending its offline assist middle in Gangnam to forestall the unfold of COVID-19. Bithumb famous that the variety of home confirmed instances of the coronavirus illness has elevated, inflicting native authorities to undertake extra preventive measures.

Bithumb’s assist middle in Seoul might be closed on Nov. 24 till additional discover. Within the meantime, Bithumb will function a web-based buyer assist middle.

Bithumb has been actively posting on its blog in current months, however not one of the bulletins have touched upon a reported investigation focusing on its executives. As reported, South Korean police performed a minimum of two raids on Bithumb’s workplaces 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 significant impression on the blockchain and crypto business to this point, apparently being one of many key causes behind Bitcoin’s (BTC) parabolic rise in 2020. In response to some business executives, COVID-19 didn’t negatively impression the blockchain business however drove elevated demand for blockchain innovation and adoption.