South Korean authorities fine Bithumb $136K over sharing user information overseas
CoinTelegraph·
60-second summary
South Korean authorities are fining Bithumb $136,000 for sharing user information overseas in violation of data protection laws, following an investigation that concluded the exchange shared information with numerous international exchanges. This move highlights concerns over data security and the need for compliance with regulations in the rapidly expanding global cryptocurrency market.
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data.