South Korean authorities have fined cryptocurrency exchange Bithumb $136,000 for sharing user information overseas. The penalty comes amid ongoing scrutiny of the platform's data handling practices.
The fine targets Bithumb, a South Korea-based crypto exchange, for transferring personal user data outside the country. Officials acted after earlier reports of a police raid on the firm and the lifting of a proposed six-month suspension.
Policymakers continue to examine how the exchange manages customer information. The action highlights regulatory focus on data protection in the cryptocurrency sector.
