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Operator of South Korea's largest Bitcoin platform sanctioned for user-data leaks, after hack

By Danbee Lee ( December 13, 2017, 06:48 GMT | Insight) -- The Korea Communications Commission has imposed financial sanctions on BTC Korea, which operates South Korea’s largest Bitcoin trading platform Bithumb, for a hacking incident that led to data leaks and unauthorized withdrawals of the virtual currency. This is the first time that an operator of a domestic virtual-currency exchange has been sanctioned in South Korea.The Korea Communications Commission has imposed financial sanctions on BTC Korea, which operates South Korea’s largest Bitcoin trading platform Bithumb, for a hacking incident that led to data leaks and unauthorized withdrawals of the virtual currency. This is the first time that an operator of a domestic virtual-currency exchange has been sanctioned in South Korea....

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