Thailand SEC Targets Bitkub Over Hack Cover-Up | Bitcoin and Crypto News

Thailand’s SEC is launching a major crackdown on Bitkub, the nation’s top crypto exchange, accusing it and two former directors of covering up a $50 million cyberattack from May 2021. Despite recovering the stolen funds by October 2021, regulators say Bitkub falsified reports to hide the breach. With daily trading volume exceeding $500 million, this alleged cover-up threatens market trust and could set a dangerous precedent for crypto accountability. A criminal complaint has been filed, triggering a police investigation that may lead to prosecution. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/12b2e4c82c4d48dd