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Head of Bithumb Korea crypto exchange found guilty of 2017 data breaches

By Wooyoung Lee ( February 12, 2020, 07:47 GMT | Insight) -- The head of Bithumb Korea, South Korea's leading cryptocurrency exchange, has been found guilty by a Seoul court of negligence that led to massive data breaches in 2017. The Seoul Eastern District Court ruled today that Lee Jeong-hun and his company should pay a penalty of 30 million won ($25,465) each, in a decision that held the chief and his company accountable for failing to prevent the data breaches that affected more than 31,000 users and resulted in some 7 billion won ($6 million) worth of cryptocurrency being stolen from hacked users' accounts.The head of Bithumb Korea, South Korea's leading cryptocurrency exchange, has been found guilty by a Seoul court of negligence that led to massive data breaches in 2017....

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