The Securities and Exchange Commission (SEC) submitted additional evidence to police over allegations Bitkub Online concealed a 2021 digital asset hack worth 1.7 billion baht.
SEC staff met Pol Col Winyu Jaemsai, superintendent of Sub-Division 3 of the Economic Crime Suppression Division (ECD), and Pol Lt Col Warat Sermsutjarit, an investigating officer, to hand over evidence and provide further statements as part of the investigation.
The regulator previously lodged complaints against Bitkub and two former directors following its investigation into the incident.
The SEC says the exchange was hacked in May 2021, resulting in digital assets across 16 cryptocurrencies, valued at around 1.7 billion baht, being transferred out of its trading platform.
The SEC alleged that between May 10 and Oct 30, 2021, Bitkub failed to accurately disclose the theft in its daily net liquid capital reports.
It said the reports falsely indicated that customer assets remained intact, potentially constituting false statements in documents under the Digital Asset Business Emergency Decree.
The regulator, in its probe, identified the two former directors responsible for submitting the reports as Sakolkorn Sakavee and Thaweesap Rawan.
It alleged they were jointly liable with the company for the reported violations because they were responsible for filing the regulatory disclosures at the time.
The SEC also alleged that both men entered false information in the reports to mislead the regulator into believing customer assets had been safeguarded and no losses had occurred, reports said.
The SEC has filed complaints against Bitkub and the two former directors.
