SEC orders Holdstation and UNO closure by October 1

Matichon•Economy•21d ago

Reader Briefing

The Securities and Exchange Commission (SEC) has filed charges against six individuals and entities related to Holdstation and UNO for operating unauthorized digital asset brokerage businesses.

•The SEC reported six individuals and entities to the Economic Crime Suppression Division (ECD) for unauthorized digital asset brokerage services.
•The Ministry of Digital Economy and Society (DE) has been notified to block access to Holdstation and UNO starting October 1, 2026.
•The affected parties include developers of Holdstation and UNO, as well as Tools for Humanity Corporation (TFH) and its CEO.
•Investors are warned to move their digital assets from these platforms before the deadline.

Overview

•The Securities and Exchange Commission (SEC) reported six individuals and entities related to Holdstation and UNO to the Economic Crime Suppression Division (ECD).
•The SEC found that Mr. Hoai Nam, Mr. Trung Banh, Mr. Trung Huynh, and Mr. John Palmer provided digital asset brokerage services to the public for fees without permission.
•The Securities and Exchange Commission (SEC) notified the Ministry of Digital Economy and Society (DE) to block access to Holdstation and UNO.
•The public will be unable to access the Holdstation and UNO platforms starting October 1, 2026.
•Tools for Humanity Corporation (TFH) and its CEO, Mr. Alex Blania, are charged for providing public relations support that facilitated UNO's unauthorized business.
•The Securities and Exchange Commission (SEC) warns investors to transfer assets to private wallets or licensed operators before October 1, 2026.
•The legal process will proceed through investigation by inquiry officers, followed by prosecution by public prosecutors and court consideration.
•The Securities and Exchange Commission (SEC) cautions that using unlicensed digital asset operators lacks legal protection and risks fraud and money laundering.

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Key Entities

Organization

Securities and Exchange Commission (SEC)(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.))

The regulatory body that filed charges against unauthorized digital asset brokerage providers.

Holdstation

An application found to be operating as an unauthorized digital asset brokerage.

UNO

An application found to be operating as an unauthorized digital asset brokerage.

Economic Crime Suppression Division (ECD)(กองบังคับการปราบปรามการกระทำความผิดเกี่ยวกับอาชญากรรมทางเศรษฐกิจ (บก.ปอศ.))

The law enforcement agency to which the SEC reported the unauthorized business activities.

Ministry of Digital Economy and Society (DE)(กระทรวงดิจิทัลเพื่อเศรษฐกิจและสังคม (กระทรวง DE))

The ministry tasked with blocking access to the Holdstation and UNO platforms.

Tools for Humanity Corporation (TFH)

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

Person

Mr. Hoai Nam

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

Mr. Trung Banh

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

Mr. Trung Huynh

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

Mr. John Palmer

The developer of the UNO application.

Mr. Alex Blania

The CEO of Tools for Humanity Corporation (TFH) during the incident.

Law

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

The law violated by the unauthorized digital asset brokerage activities.

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

The legal basis used by the Ministry of DE to block access to the platforms.