Thailand SEC files complaint against Bitkub over alleged false disclosures
Cointelegraph 2026-07-24 12:46:27
Context: Thailand's Securities and Exchange Commission (SEC) has taken action against Bitkub, a cryptocurrency exchange, and two of its former directors, regarding alleged false disclosures related to a significant cyberattack in 2021. The cyberattack resulted in substantial losses, estimated at $50 million in assets. This move by the SEC is a part of its effort to regulate and oversee the activities of cryptocurrency exchanges operating within Thailand.
Key Facts
- The Thailand SEC filed a criminal complaint against Bitkub and two former directors for allegedly making false disclosures in connection with a 2021 cyberattack that involved $50 million in assets.
- The cyberattack on Bitkub occurred in 2021, resulting in the loss of approximately $50 million in assets, which raised concerns about the security and transparency practices of the exchange.
- The complaint filed by the SEC targets specific individuals who were directors at Bitkub at the time of the alleged false disclosures, indicating a focused effort to hold accountable those in leadership positions.