Thailand’s Securities and Exchange Commission (SEC) files a criminal complaint against cryptocurrency exchange Bitkub and two former directors, according to reports citing the regulator’s action. The SEC alleges that information about a reported theft of about $47 million was not disclosed in Bitkub’s filings.
The SEC says the loss was left out of the exchange’s disclosures made in 2021, even though the theft involved customer or platform assets valued at roughly $47 million. The complaint targets the company as well as two former directors, indicating the regulator’s view that responsibility extends beyond the corporate entity.
The reports describe the SEC’s filing as part of its enforcement efforts over compliance and disclosure requirements applicable to digital-asset businesses. Details on the specific charges, the timeline of the alleged incident beyond the 2021 omission, and the outcomes of any investigation are not included in the provided summaries. The matter is presented as an SEC-led criminal action that seeks accountability for the alleged failure to disclose the theft.
