SEC to block Holdstation and UNO crypto platforms on October 1

Prachachat•Economy•5d ago

Reader Briefing

The SEC has filed complaints against six parties related to Holdstation and UNO for operating unauthorized digital asset brokerage businesses.

•The SEC filed complaints against six individuals and entities involving Holdstation and UNO with the ECD.
•The Ministry of DE has been notified to block access to Holdstation and UNO platforms starting October 1, 2026.
•The platforms provided digital asset brokerage services to the public and charged fees, violating the Emergency Decree on Digital Asset Businesses 2018.
•Tools for Humanity Corporation (TFH) and its CEO Alex Blania were implicated for supporting UNO's unauthorized operations.

Overview

•The SEC filed complaints against Mr. Hoai Nam, Mr. Trung Banh, Mr. Trung Huynh, Mr. John Palmer, Tools for Humanity Corporation (TFH), and Mr. Alex Blania with the ECD.
•The SEC found that Holdstation and UNO provided digital asset brokerage services to the general public and collected fees without authorization.
•The SEC notified the Ministry of DE to block access to the Holdstation and UNO platforms.
•The public will be unable to access Holdstation and UNO platforms starting October 1, 2026.
•Tools for Humanity Corporation (TFH) provided public relations assistance and support to the UNO application.
•The legal process will proceed through investigation by inquiry officials, followed by prosecutors and the court of justice.
•The SEC warned investors using Holdstation and UNO to manage their assets or transfer them to private wallets or licensed providers before the deadline.
•The SEC cautioned the public against using unauthorized digital asset business operators due to lack of legal protection and risks of scams and money laundering.

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Key Entities

Organization

SEC(ก.ล.ต.)

The Securities and Exchange Commission that filed complaints against unauthorized digital asset brokers.

Holdstation

An application providing unauthorized digital asset brokerage services.

UNO

An application providing unauthorized digital asset brokerage services.

ECD(บก.ปอศ.)

The Economic Crime Suppression Division where the SEC filed complaints.

Ministry of DE(กระทรวง DE)

The Ministry of Digital Economy and Society tasked with blocking access to the platforms.

Tools for Humanity Corporation (TFH)

An organization that provided public relations support and assistance to UNO.

Person

Mr. Hoai Nam

A co-developer and main operator of the Holdstation application.

Mr. Trung Banh

A co-developer and main operator of the Holdstation application.

Mr. Trung Huynh

A co-developer and main operator of the Holdstation application.

Mr. John Palmer

The developer of the UNO application.

Mr. Alex Blania

The CEO of TFH during the incident who is held responsible for TFH's operations.

Law

Emergency Decree on Digital Asset Businesses 2018(พ.ร.ก. การประกอบธุรกิจสินทรัพย์ดิจิทัล พ.ศ. 2561)

The law violated by the unauthorized operation of digital asset brokerage businesses.

Emergency Decree on Measures for Prevention and Suppression of Technological Crimes (No. 2) 2025(พ.ร.ก. มาตรการป้องกันและปราบปรามอาชญากรรมทางเทคโนโลยี (ฉบับที่ 2) พ.ศ. 2568)

The law under which the Ministry of DE will block access to the platforms.