South Korean cryptocurrency change Bithumb is denying current studies that Chinese government have raided its Shanghai places of work.
On Nov. 21, a Bithumb representative knowledgeable the Block that the current rumors of a police raid and closure of the change's Shanghai places of work are false and that its one and entirely Shanghai crew continues to function "steadily without pause."
Yesterday, Chinese media reportedly wrote that the South Korean crypto change had hip its staff to take a extended trip, with out informing them about any date on when to return to work. Bithumb has now denied these information studies.
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Binance can be denying media studies
Leading cryptocurrency change Binance extraly got here ahead refuting media studies that claimed that Chinese police had raided and after fold the change's Shanghai places of work, which supported the change, "don't even exist:"
"The Binance team is a global movement consisting of people working in a localized manner wherever they are in the world. Binance has no fixed offices in Shanghai or China, so it makes no sense that police raided on any offices and shut them down."
A Binance representative hip Cointelegraph that the change is apparently being focused inside the Chinese media, pointing to the "recent spike in the number of negative articles and activities against Binance" inside the nation. Binance extra mentioned:
"We also encourage our friends from the media to verify if their 'sources' are telling the truth or presenting their own agenda."
Crypto markets take a dive amid studies
The rumors of police raids and closure of Binance and Bithumb places of work had been attended by a pointy drop by cryptocurrency costs, which at press time, had been patient with to search out decrease lows. The world's largest cryptocurrency, Bitcoin (BTC), for instance, took a major hit of round 5% on the day, buying and marketing at round $7,640 per coin.
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