Bithumb

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.

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A Seoul court has overturned a six-month partial business suspension on Bithumb, one of South Korea's largest cryptocurrency exchanges. The ruling reverses sanctions imposed in March by the Financial Intelligence Unit over alleged anti-money laundering violations. It remains unclear whether a 36.8 billion won ($24.6 million) fine is also on hold.