Bithumb fined $151,000 for transferring user data overseas without consent

PANews June 25 news, according to NoCut News, South Korean crypto exchange Bithumb was fined 210 million won (approximately $151,000) for transferring users' personal data overseas without proper consent. According to an investigation by the South Korean Personal Information Protection Commission, Bithumb shared its Tether (USDT) market order book with an overseas exchange between September and November last year. During that period, the exchange obtained user consent to transmit personal data to a platform it identified as Stellar Exchange, but the investigation found that membership numbers and order information were actually sent to a system operated by another exchange. In addition, when processing users' virtual asset transfers, Bithumb provided the personal information of senders and receivers, including names, wallet addresses, and birth dates, to 13 overseas exchanges for anti-money laundering purposes.

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Author: PA一线

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