South Korea fines Bithumb $136,000 over user data exposure

The penalty followed an overseas order-book sharing process that exposed customer information, The Block reported.

Summary

South Korea fined Bithumb $136,000 after user data was exposed during an overseas order-book sharing process, according to The Block. The case centers on customer information being disclosed while the exchange shared order-book data with an overseas party, highlighting ongoing regulatory pressure on crypto platforms over data handling and compliance controls.

Terms & Concepts
  • order-book: A live list of buy and sell orders.