South Korean authorities fine Bithumb $136K over sharing user information overseas (opens original article in a new tab)

South Korean authorities fined Bithumb $136,000 for illegally sharing user data with overseas exchanges, violating personal information protection rules. The exchange transferred user information without proper consent during virtual asset transfers. The Personal Information Protection Commission stressed the need for strict compliance with data protection laws.

• South Korean authorities fined Bithumb $136,000 for sharing user data overseas without proper consent
• Bithumb transferred personal information to overseas exchanges during order book sharing and virtual asset transfers
• The Personal Information Protection Commission emphasized strict compliance with data protection laws for anti-money laundering purposes