Former Zipmex Thailand CEO Akarlap Yimwilai faces serious accusations of fraud and deception from the Thai SEC.

He's suspected of illegally transferring customer funds overseas before informing users about changes in terms, violating regulations and potentially constituting fraud.

An SEC investigation uncovered discrepancies between reported and actual funds, leading to accusations of false statements and fraudulent activities. This resulted in a swift shutdown of Zipmex Thailand's trading and app, leaving users in limbo.

While legal action is recommended against Yimwilai, the SEC emphasizes due process. This case highlights the regulatory scrutiny faced by crypto exchanges and the importance of transparency and compliance.

Follow for more news every day :)
#crypto #cryptocurrency #cryptonews #thailand #zipmex