The government of South Korea has warned the public to avoid cryptocurrency captures in real life due to the “high risk” of contracting the coronavirus. in the middle of a second outbreak in the country.
Segye Ilbo reports that The authorities warned not only of concerns about COVID-19, but also of the possibility of “financial harm to consumers”.According to reports from scammers organizing meetings to lure people into multi-level marketing (MLM) programs.
One of the companies cited by the local media is an “unregistered door-to-door company” called Muhan Group promoting an investment opportunity in what is believed to be crypto-asset based multi-level marketing. It’s actually a simple scam, according to the message.
The authorities in Gwanak District in Seoul reported this Last month, quarantine officials tracked 83 positive cases at a meeting of the Muhan group.
The country’s financial watchdog, the Financial Services Commission, said:
“Citizens should generally stay in their homes as much as possible, as per COVID-19 prevention guidelines, and not attend small meetings and briefings related to investing.”
The Muhan Group isn’t the only company raising pandemic problems for South Korean authorities. At least 44 employees at an unnamed South Korean blockchain company recently tested positive for COVID-19. The employees have now been quarantined.