Thai SEC Accuses Bitkub of Hiding Massive 2021 Hack

The Thai Securities and Exchange Commission has leveled serious allegations against Bitkub. Authorities claim the exchange kept a major 2021 cyberattack secret from the public and investors. This security failure reportedly led to the theft of 1.7 billion baht, or roughly 50 million dollars, across 16 different digital assets.

This incident took place back in May 2021. While the exchange has maintained a large presence in the local market, these new revelations cast a shadow over its historical transparency standards. The regulator is now pushing for formal accountability regarding how the platform handles such critical security events.

Investors are watching this story closely to see how it affects Bitkub operations in the region. Transparency remains a core issue for crypto users who expect exchanges to report breaches immediately. Future updates from the Thai authorities will likely clarify if the exchange faces fines or stricter operational oversight.