# Thailand’s SEC takes action to combat money laundering by shutting down unauthorized crypto exchanges

- Link: https://www.thailand-business-news.com/crime/223433-thailands-sec-takes-action-to-combat-money-laundering-by-shutting-down-unauthorized-crypto-exchanges
- Published: 2025-05-30T15:24:21+07:00
- Author: Li Zhong

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). 

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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.**

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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](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](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.