RESOLVING THE LEDGER
This is one outlet's own report from CoinDesk — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 2 sources
The SEC filed a criminal complaint against Bitkub with the Economic Crime Suppression Division (ECD), accusing the exchange of providing false information and alleging that former directors Sakolkorn Sakavee and Thaweesap Rawan made false statements in company documents to deceive the regulator, the reports said.
Bitkub was the victim of a cyberattack in May 2021, and 16 different digital assets were subsequently stolen, according to SEC’s investigation.
The SEC and Bitkub made good the losses by the end of October that year. The regulator said it discovered Bitkub did not disclose the incident accurately in relevant reports from that period.
The SEC’s case will now proceed to a police investigation followed by possible public prosecution, the reports said.
Bitkub is Thailand’s biggest crypto exchange , with 24-hour trading volume of more than $500 million. It did not immediately respond to CoinDesk’s request for comment.
1 Cantor is advising crypto bank AMINA on path to potential public listing 4 minutes ago 2 Lido begins moving $16.5 billion in staked ether to cut validator count by a third 40 minutes ago 3 Nvidia forms 37-member AI security alliance without OpenAI, Anthropic or Google 1 hour ago 4 Securitize builds Wall Street credentials with SEC adviser license as tokenization expands 1 hour ago 5 Crypto is rewriting how Wall Street traders spend their weekends 1 hour ago 6 Bitmine buys more ether as Tom Lee says rising ETH/BTC ratio points to stronger crypto prices 1 hour ago 7 Circle buys nearly 1,000 blockchain patents from IBM 1 hour ago 8 Michael Saylor's Strategy boosted cash reserve to $3.75 billion, repurchased $25 million of STRC 2 hours ago 9 Bitcoin options traders are dropping their hedges going into the Fed meeting 2 hours ago 10 Ballooning U.S. debt sends investors to bitcoin, gold to shelter from dollar devaluation 3 hours ago Latest Research Crypto Flows, Share and the Selective Rotation Crypto Flows, Share and the Selective Rotation Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.