SEC submits evidence to police over Bitkub asset concealment

MGR Online•Society•4d ago

Reader Briefing

The SEC has provided additional evidence to the ECD police to prosecute Bitkub Online Co., Ltd. and two former directors for concealing a digital asset theft.

•The SEC submitted evidence to the ECD police regarding the concealment of 1.7 billion baht in stolen digital assets.
•Bitkub Online Co., Ltd. and former directors Sakonkorn Sarakawi and Thaweesap Rawarn are the accused parties.
•The incident involved the theft of 16 types of digital assets in May 2021.
•Jirayut Top Trasrisopa was not named as an accused party in this case.

Overview

•During May 2021, Bitkub was subjected to a theft of digital assets involving 16 currencies valued at approximately 1,700 million baht.
•Between May 10, 2021, and October 30, 2021, Bitkub failed to report the theft in the Daily Net Capital Fund Report (Form Dor Jor 1).
•The SEC found that the reports contained false information, suggesting client assets were kept normally without damage.
•The SEC has accused three parties: Bitkub Online Co., Ltd., Sakonkorn Sarakawi, and Thawevisap Rawarn.
•On August 5, SEC officials met with Pol. Col. Winyu Jamsai and Pol. Lt. Col. Warat Sermsukjarit at the ECD police headquarters to provide further testimony and evidence.
•Sakonkorn Sarakawi and Thaweesap Rawarn were directors of Bitkub responsible for submitting the Form Dor Jor 1 reports during the incident.
•Jirayut Top Trasrisopa, the major shareholder and highest leader of the Bitkub group, is not included in the accusations.

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Key Entities

Organization

SEC(ก.ล.ต.)

The Securities and Exchange Commission which filed a complaint and submitted evidence regarding the concealment of stolen assets.

ECD Police(ปอศ.)

The Economic Crime Suppression Division responsible for receiving evidence and investigating the case.

Bitkub Online Co., Ltd.(บริษัท บิทคับ ออนไลน์ จำกัด)ℹ️

A digital asset exchange accused of concealing information about a theft of client assets.

Person

Sakonkorn Sarakawi(สกลกรย์ สระกวี)

A former director of Bitkub responsible for submitting the Form Dor Jor 1 report.

Thaweesap Rawarn(ทวีทรัพย์ ราวรรณ์)

A former director of Bitkub responsible for submitting the Form Dor Jor 1 report.

Jirayut Top Trasrisopa(จิรายุส ทรัพย์ศรีโสภา)

The major shareholder and highest leader of the Bitkub group who was not named in the accusations.

Pol. Col. Winyu Jamsai(พ.ต.อ.วิญญู แจ่มใส)

Superintendent 3 of the ECD Police who met with SEC officials.

Pol. Lt. Col. Warat Sermsukjarit(พ.ต.ท.วรัท เสริมสุจริต)

Inquiry officer of Sub-division 3, ECD Police who met with SEC officials.

Law

Emergency Decree on Digital Asset Businesses 2018(พระราชกำหนดการประกอบธุรกิจสินทรัพย์ดิจิทัล พ.ศ. 2561)

The law under which the accused are alleged to have committed offenses regarding false statements in documents.