An executive of Thai cryptocurrency exchange group Bitkub has been fined for insider trading related to a failed acquisition by the country’s oldest bank, regulators announced on Tuesday.
The Securities and Exchange Commission said it would fine Samret Wajanasathian 8.53 million baht ($234,481) and bar him from serving as chief technology officer of Bitkub Blockchain Technology for 12 months. BBT is a wholly-owned subsidiary of Bitkub Capital Group.