Thailand's SEC alleges Bitkub concealed cyberattack that led to $50 million hack

Thailand's SEC filed a criminal complaint against cryptocurrency exchange Bitkub and two former directors for concealing a May 2021 cyberattack that resulted in 1.7 billion baht ($50 million) theft across 16 digital assets. The regulator alleges false statements in company documents and inaccurate incident disclosure despite the exchange and SEC covering losses by October 2021.

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