Bithumb fined $151K for transferring user data overseas without consent

South Korean crypto exchange Bithumb has been fined 210 million won (around $151,000) for transferring user personal data overseas without proper consent, NoCut News reported. According to an investigation by South Korea's Personal Information Protection Commission, Bithumb shared its Tether (USDT) market order book with an overseas exchange from September to November last year. During this period, the exchange obtained user consent to transfer personal data to a platform it identified as Stellar Exchange, but it was revealed that member numbers and order information were actually sent to a system operated by a different exchange. Additionally, Bithumb provided the personal information of senders and recipients—including names, wallet addresses, and dates of birth—to 13 overseas exchanges for anti-money laundering purposes when processing user virtual asset transfers.