Thailand SEC accuses Bitkub of hiding $50M cyberattack from 2021

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Thailand's Securities and Exchange Commission has filed allegations against Bitkub, the country's leading cryptocurrency exchange, for allegedly concealing a cyberattack. The incident occurred in May 2021 and resulted in hackers stealing approximately 1.7 billion baht, equivalent to around $50 million. The breach affected 16 different digital assets held on the platform. Regulators claim the exchange failed to disclose the attack in a timely or transparent manner, raising serious concerns about compliance and investor protection.

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