The Thailand SEC announced today that starting June 28, it will block platforms like Bybit, 1000X, CoinEx, OKX, and XT.COM to protect investors and prevent illegal platforms from enabling money laundering by fraudsters.
The Thailand regulator filed charges with the Economic Crime Suppression Division (ECD) for further legal action against the five platforms. The crypto platforms are allegedly engaging in digital asset business without permission under the Digital Asset Business Act B.E. 2561 (Digital Asset Act).
The SEC conducted an investigation and discovered that the websites Bybit.com (https://www.bybit.com), 1000x.live (https://www.1000x.live), CoinEx (https://www.coinex.com), OKX (https://www.okx.com/th), and XT.COM (https://www.xt.com) were operating digital asset trading platforms without proper authorization. Consequently, the SEC has referred the matter to the Economic Crime Suppression Division (BOC) for further action. These platforms are accused of violating the Digital Asset Business Act B.E. 2561 by operating as unauthorized digital asset business operators, and legal proceedings will be pursued accordingly.
To safeguard investors and prevent unauthorized digital asset trading platforms from being exploited as channels for money laundering by fraudsters, actions have been taken in accordance with the Decree on Measures to Prevent and Suppress Technological Crime (No. 2) B.E. 2568 (2025). Information about the mentioned platform has been submitted to the Ministry of Digital. Consequently, the Ministry of Digital Affairs will block access to the platform, rendering it inaccessible to the public starting June 28, 2025.
The SEC advises investors using the platform’s services to take necessary actions regarding their assets on the platform before its scheduled closure date on June 28.
At the same time, the SEC would like to remind the public and investors to be cautious of using services with unauthorized digital asset business operators. This is because it will not be protected by law. There is also a risk of being scammed, including the risk of In order to become a route through the money of the perpetrators who want to launder money. The list of licensed business operators can be found at https://www.sec.or.th and the SEC application. Check First and can check the list of non-business operators under the supervision of the SEC at Investor Alert Link https://market.sec.or.th/public/idisc/th/InvestorAlert
However, If there are any clues about suspicious actions, Please report to the “Complaint and Whistleblowing Center” at 1207 or via the Facebook page “SEC Office” or SEC Live Chat at the SEC website for further in-depth investigation.
