Bithumb Exchange Issues Urgent Security Alert After SK Telecom Data Breach

South Korean cryptocurrency exchange Bithumb has issued a security warning to users following a significant data breach at SK Telecom, the country’s largest mobile carrier. The incident has led to enhanced security protocols on Bithumb’s platform.

The exchange is actively monitoring for suspicious activities and has implemented additional protective measures against unauthorized access. While Bithumb confirmed no direct compromise of its systems, it strongly advised users to update their security settings immediately.

This event underscores the escalating cybersecurity threats in South Korea’s digital asset industry, where exchanges are under mounting pressure to safeguard user data amidst growing institutional adoption. The SK Telecom breach involved malware that compromised some customers’ SIM card data.