Bithumb crypto exchange fined in South Korea over illegal cross-border data transfers
( June 25, 2026, 07:05 GMT | Official Statement) -- MLex Summary: South Korean cryptocurrency exchange Bithumb has been fined 210 million won ($136,000) by the country's privacy regulator for violating rules on cross-border transfers of personal data. The Personal Information Protection Commission said Thursday it found that the company sent member IDs and order information to a system operated by a foreign exchange different from the one users had consented to under its 2025 order-book sharing arrangement for the USDT market. The regulator also said Bithumb provided names, wallet addresses and, in one case, a birth date to 13 foreign exchanges during crypto transfers without meeting legal requirements. It also issued corrective orders and released new blockchain privacy guidelines alongside the sanction.Statement is attached (in Korean)....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.