THAILAND'S FILES COMPLAINT AGAINST BITKUB OVER CONCEALED $47M HACK

Summary from the TLDR Crypto newsletter

Thailand's SEC filed criminal charges against Bitkub and two former directors for concealing a May 2021 cyberattack that stole approximately $47 million in digital assets across 16 tokens. From May to October 2021, daily capital filings showed no material change in assets, hiding the loss in violation of Thailand's Digital Asset Business Decree. Co-founders purchased replacement assets and compensated customers by October 2021. Former director Sakolkorn Sakavee claimed sole responsibility for altering the filings, citing fears of a bank run, and the case has been forwarded to Thailand's Economic Crime Suppression Division for possible public prosecution.