According to CoinDesk, Thailand’s Securities and Exchange Commission (SEC) formally accused Bitkub, Thailand’s largest cryptocurrency trading platform, of failing to promptly disclose information to regulators and users after suffering a major cyberattack. The SEC stated that Bitkub’s concealment allowed hackers to successfully transfer approximately $50 million in crypto assets.
In a statement, Thailand’s SEC pointed out that Bitkub did not immediately report to regulators upon discovering the security vulnerability as required, instead attempting to handle the issue independently and missing the best opportunity to prevent fund transfers. If this accusation is established, Bitkub will face severe administrative penalties and potential criminal prosecution.
Bitkub has not yet issued a formal response to the accusation. This case has sparked widespread attention in Southeast Asia regarding cryptocurrency exchange security management and information disclosure obligations, and is expected to drive Thailand to further strengthen its digital asset regulatory framework.
Editor: GoodInfo Global News Team