Thailand SEC Accuses Bitkub Executives of Concealing Hack Losses
Thailand's SEC has filed criminal complaints against Bitkub for failing to disclose losses from two significant hacks totaling $97 million. The allegations involve the concealment of a $50 million hack and a previous $47 million incident, implicating former directors in regulatory oversight. This raises concerns about transparency and accountability in the cryptocurrency sector.
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Thailand SEC Accuses Bitkub Executives of Hiding $50M Hack Losses From Regulators
Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against crypto exchange Bitkub Online and two former directors for allegedly making false entries in official reports between May and October 2021. SEC Allegations and Reporting Breaches Thailand’s Securities and Exchange Commission has filed a criminal complaint against Bitkub Online Co. Ltd. and two former […]
Thailand's SEC Files Criminal Complaint Against Bitkub Over Undisclosed $47M Hack
The regulator says the exchange and two former directors left a $47 million theft out of its filings in 2021.