Thai SEC Files Lawsuit Against Bitkub Over Wash Trading Allegations

Thailand’s SEC filed civil sanctions against Bitkub and sought fines worth $634K for artificially pumping asset volumes on the exchange.

SCB Terminates $500M Deal To Acquire Bitkub

Siam Commercial Bank, Thailand’s oldest bank, discarded its plans to purchase crypto exchange Bitkub in a $500M deal, citing the platform’s unresolved issues with the Thailand SEC as the reason behind pulling out of the agreement.