Thailand's SEC hits Bitget with criminal complaint, sets Dec 5 access cutoff
Thailand's securities regulator has filed a criminal complaint against Bitget, accusing the crypto exchange of operating without a license. The SEC also plans to block access to the platform starting Dec 5, and a local YouTuber who promoted it is named in the complaint.
Thailand's SEC has filed a criminal complaint against Bitget, accusing the crypto exchange of running an unlicensed exchange. The regulator also plans to block access to the platform starting Dec 5, according to Cointelegraph. A local YouTuber who promoted Bitget was named in the complaint as well.
The complaint turns a licensing dispute into a criminal matter for the exchange. Thailand's SEC is pairing that legal action with a concrete cutoff date for users in the country. Dec 5 is now the hard stop for Bitget's access.
Bitget is a crypto exchange, and the SEC's move targets both the platform and its promotion. The YouTuber who boosted Bitget is now part of the complaint. That makes the case broader than a single access block.
The Dec 5 block gives Thai users a clear deadline, while the criminal complaint adds legal pressure. How Bitget responds is not yet clear from the report. The SEC's action puts enforcement on the record with both a legal threat and a platform shutdown.
TopicsThailand's SEC · Bitget · YouTuber · Cointelegraph
Written by Paparazzi with AI. Not financial advice.