Former directors accused of making false statements in company documents to deceive regulators
Visitors explore cryptocurrencies at an edition of Money Expo 2024 Bangkok. (File photo: Varuth Hirunyatheb)
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Bitkub Online Co and two of its former directors, alleging they submitted false information to the regulator to conceal a cyberattack that resulted in the theft of digital assets worth about 1.7 billion baht.In a statement released on Thursday, the SEC said it lodged the complaint with the Economic Crime Suppression Division (ECD), accusing Bitkub of violating Section 76 of the Emergency Decree on Digital Asset Businesses by providing false information to the regulator.
The SEC also named former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they are liable under Section 94 of the decree as the individuals responsible for submitting the reports. The pair were also accused of making false statements in company documents to deceive the SEC, an offence under Section 88(2) of the same law.
According to the SEC's investigation, Bitkub was the victim of a cyberattack in May 2021, during which hackers stole 16 types of digital assets from the exchange. The breach resulted in the loss of customers' digital assets valued at about 1.7 billion baht.
