PANews
PANews|Jun 25, 2026 03:14
[Bithumb Fined $151,000 for Transferring User Data Overseas Without Consent] According to NoCut News, South Korean cryptocurrency exchange Bithumb has been fined 210 million KRW (approximately $151,000) for transferring users' personal data overseas without proper consent. An investigation by the Personal Information Protection Commission of South Korea revealed that between September and November last year, Bithumb shared its Tether (USDT) market order book with a foreign exchange. During this period, the exchange obtained user consent to transfer personal data to a platform identified as Stellar Exchange, but the investigation found that member IDs and order information were actually sent to a system operated by another exchange. Additionally, in the process of handling user virtual asset transfers, Bithumb provided personal information of senders and recipients—including names, wallet addresses, and birth dates—to 13 overseas exchanges for anti-money laundering purposes.
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