Thailand's SEC alleges Bitkub concealed cyberattack that led to $50 million hack
CoinDesk·
60-second summary
Thailand's SEC alleges Bitkub concealed a cyberattack in May 2021, which led to a $50 million hack, with 1.7 billion baht stolen across 16 digital assets. The SEC investigation reveals Bitkub's alleged failure to disclose the breach, sparking concerns about exchange security and regulatory compliance. This raises questions about investor trust and the industry's overall resilience.
Bitkub was the victim of a cyberattack in May 2021, which led to hacks stealing 1.7 billion baht across 16 different digital assets.