US House panel says China-based Webull employee could access US client data
- —The committee cited 2021 Microsoft Teams messages between a Webull manager and a China-based employee
- —Webull says US customer data is stored only on AWS servers in Virginia and Oregon
- —Webull shares fell more than 19% after the committee's October 7 report
- —The panel also flagged Webull's past use of Tencent Cloud for some user data
Why it matters: Scrutiny over data access raises pressure on crypto and brokerage platforms with China ties.
Source: TokenPost
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