The Office of the Securities and Exchange Commission (SEC) disclosed civil sanctions against three offenders, namely:
(1) Bitkub Online Co., Ltd. (Bitkub Company) (2) Mr. Anurak Chuachai (Mr. Anurak) and (3) Mr. Sakon Srakavee (Mr. Sakonkorn) in the case of creating an artificial volume of digital assets in an asset trading center Digital Bitkub (Bitkub Trading Center) of Bitkub Company
by filing a lawsuit to the Civil Court asking for the determination of civil sanctions to pay a total of 24,161,292 baht, including setting a period prohibiting trading of digital assets or digital asset derivatives and setting a period forbidding being a director or executive
According to the Civil Sanctions Committee (OCC) resolved to apply civil sanctions to 3 offenders, namely (1) Bitkub Company, (2) Mr. Anurak and (3) Mr. Sakon by requiring all 3 offenders to pay civil fines reimburse the SEC’s expenses due to the investigation of offenses totaling 24,161,292 baht. Mr. Anurak and Mr. Sakon are prohibited from trading digital assets or digital asset futures contracts for a period of 6 months and are prohibited from being directors or executives of the SEC. Digital token offeror or digital asset operator for a period of 12 months, according to the SEC* news published on June 30, 2022.
However, since the offender did not agree to comply with the civil sanctions prescribed by the Civil Service Commission, it was considered that The offender did not agree to settle the case at the SEC level, so the SEC has issued a letter requesting the public prosecutor to prosecute the offender in the Civil Court. to request that civil sanctions be imposed Let the offender pay a total of 24,161,292 baht, prohibiting Mr. Anurak and Mr. Sakon from trading digital assets or digital asset derivatives. and not being a director or executive at the highest rate permitted by law. By allowing Mr. Sakon to join the liability in the civil sanctions against Bitkub companies such as co-debtors.
The SEC sends a case to prosecutors to sue 3 “bit executives” for creating artificial quantities appeared first on Bitcoin Addict.