I saw this on a another forum this morning. As they couldn't even bother to give us any warning and, I only using it for hosting pictures for forums, I used Opera's free VPN and closed and deleted my account.You may notice posts of non existent images in threads. Also if you use Imgur you can’t currently access your account web/app without using a VPN or being out of the UK.
It is the ICO that was going after them under the 2018 Data Protection Act. The OSA is Ofcom's responsibility.The (un)intended consequences of the OSA.