# Thai SEC files criminal complaint against OKX for unlicensed crypto exchange operations

- Link: https://www.thailand-business-news.com/markets/commodities/205568-thai-sec-files-criminal-complaint-against-okx-for-unlicensed-crypto-exchange-operations
- Published: 2025-03-27T16:50:58+07:00
- Author: Li Zhong

**The SEC filed a criminal complaint against OKX and nine individuals for operating
a digital asset exchange without a license, seeking legal action and warning investors
of potential risks.**

---

The Securities and Exchange Commission (SEC) has lodged a criminal complaint with
the Economic Crime Suppression Division (ECD) against Aux Cayes FinTech Co. Ltd.,
the operator of the digital asset exchange platform www.okx.com/th (OKX), along 
with nine associates. They are accused of running a digital asset exchange business
without proper licensing, violating the Emergency Decree on Digital Asset Businesses
B.E. 2561 (2018).

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Following a referral and subsequent investigation by the SEC, it was determined 
that on October 15, 2021, OKX operated a digital asset trading system, enabling 
the trading and exchange of digital assets while charging a 0.1% fee on the transaction
value. Furthermore, OKX actively promoted its services via its website and multiple
social media platforms, including Telegram under the account name “OKX TH,” Twitter(
now X) as “OKX Thai Community,” and Line OpenChat under the name “Thai Community.”

It was discovered that OKX received promotional support and assistance from nine
individuals, specifically:

 1.  Mr. Sarun Boonmesrisanga, via his Facebook Page and YouTube channel “ลองลงทุน,”
     as well as his Discord Server account “LONGLONGTHUN Community.”
 2.  Mr. Nut Joongwong, through his Facebook Page and YouTube channel “พ่อบ้านคริปโต,”
     his Discord Server account “Moonstation,” and the Line OpenChat group “Exclusive
     MoonStation.”
 3.  Mr. Kritsana Kritsananuwat, using his Facebook Page and YouTube channel “Srisiam.”
 4.  Mr. Smithi Charoenmin, via his Facebook Page and YouTube channel “น้ายามพาเทรด.”
 5.  Mr. Kittithat Benchacharoenpat, through his Facebook Page “I Learn A Lot: แชร์
     มุมมองด้านการลงทุน,” his YouTube channel “I Learn A Lot,” and the Line OpenChat
     group “Exclusive Wave125i.”
 6.  Mr. Saurawit Sanguanphokai, using his Facebook Page, YouTube channel, and Telegram
     account under the name “Art of Crypto.”
 7.  Mr. Akarawath Rujiruangchai, via his Facebook Page “Crypto Teller: บอกกล่าวเล่า
     คริปโต,” his YouTube channel “cryptoteller007,” and his Discord Server account“
     Mookata Trader Community.”
 8.  Mr. Rachata Chuesaibua, through his Facebook Page “กราฟฟิ้ววว,” the Line OpenChat
     group “กราฟฟิ้ววว เดอะ คอมมูนิตี้,” and his Discord Server account “ห้องลับจับ
     คลื่น.”
 9.  Mr. Varut Vanichayakosol, using his Facebook Page “Insight On-Chain: ส่องข้อมูล
     ออนเชน” and the Line OpenChat group “Insight On-Chain มาคุยกัน.”

The efforts of these individuals enhanced OKX’s visibility and attracted more users
to its platform. Consequently, their actions are deemed to have assisted or facilitated
OKX in operating a digital asset exchange without a license, violating Section 26
of the Emergency Decree. This offense carries penalties under Section 66 of the 
Emergency Decree in conjunction with Section 86 of the Criminal Code.

The SEC has thus submitted a criminal complaint against OKX and the nine associates
to the ECD for review regarding potential legal proceedings.

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The public and investors are advised to exercise caution when engaging with unlicensed
digital asset businesses, as such entities are not protected under the law. This
lack of regulation may expose individuals to risks including fraud, scams, and the
potential misuse of funds for money laundering. To ensure safety, investors can 
verify licensed digital asset businesses through the SEC’s official website at www.
sec.or.th or the SEC Check First application. Furthermore, a list of individuals
or entities not regulated by the SEC can be found in the Investor Alert Section 
on the SEC’s website at https://market.sec.or.th/public/idisc/th/InvestorAlert.

**Source** : [SEC files a criminal complaint against OKX platform provider and nine supporters for operating digital asset exchange business without license](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11645&rand=113627)