SEC punishes major Thai digital asset exchanges “Bitkub and Satang” for creating artificial trading volumes order fines and rest executives Ready to send cyber police investigation for criminal prosecution “Asia Wealth Securities Company” in case of using the customer’s money to pay for More’s shares
Today (December 30, 2022), the Civil Sanction Committee Has a resolution to apply civil penalties to Bitkub Online Co., Ltd., Mr. Anurak Chuachai and Mr. Sakonkorn Srakavee, the company’s executives. and market makers on the digital asset exchange
after detecting executive behavior using their own account Send an order to pair and buy 18 other cryptocurrencies in the trading center of the company. for the general public Misunderstanding the real asset trading volume
such action It is an offense to create an artificial price. and requiring all 3 offenders to pay civil fines and reimburse the expenses of the SEC totaling 75 million baht, with an order prohibiting trading contracts for 4 months and managing the company for 8 months.
The SEC also disclosed the litigation. with civil sanctions With offenders against Satang Corporation Company Limited with a total of 4 people for the offense of creating artificial amounts of digital assets. Total payment of 12 million baht
In addition, the SEC also accused Asia Wealth Securities Co., Ltd. against the Crime Suppression Division in relation to economic crimes. In the case of taking customer securities to pay for the shares of More Return Company by incompletely separating the customer’s assets which may cause damage or taking advantage of customers Considered a serious offence, subject to penalties according to the Securities and Exchange Act. This is the beginning of the criminal law enforcement process. and must be taken into the investigation process of the investigating officer and prosecuting the prosecutor’s case as well as the discretion of the Court of Justice, respectively.