Thailand’s Securities and Exchange Commission (SEC) has accused the CTO of local cryptocurrency exchange Bitkub of insider trading.
According to the SEC statement today, Bitkub’s CTO Samret Wajanasathian about 234 thousand dollars worth of fines.
The SEC also includes Wajanasathian. also be banned from managing any cryptocurrency exchange for one year wants.
The transaction that led to Wajanasathian being accused of insider trading, to November 2021 is based.
Siam Commercial Bank, Thailand’s oldest bank at that time To buy 51% stake in Bitkub had taken action.
According to the statement made by the SEC, Bitkub CTO said that before this news was made public, KUB worth 61 thousand dollars bought tokens. KUB token, after news of Siam Commercial Bank came to the fore more than doubled in value.
Siam Commercial Bank also made a deal to buy Bitkub last week. You canceled the $500 million plan. explained. In a statement about why it abandoned the purchase agreement, the bank said that Bitkub lack of regulation pointed.