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South Korean regulators launch on-site inspections of Bithumb after employee data breach

South Korean financial regulators began on-site inspections of Bithumb after the exchange reported abnormal external access that exposed employee information. Bithumb said the affected system supports staff work and is not part of its core crypto trading infrastructure. The Financial Services Commission issued an Oct. 28 notice and convened an emergency meeting chaired by digital finance policy head Yoo Young‑joon. The FSC, Financial Supervisory Service and Financial Security Institute are cooperating in the investigation, and a conditional compensation plan may be overseen if consumers suffer damage.

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