Thailand’s Securities and Exchange Commission announced that Samrong Wachanasathien, chief technology officer of cryptocurrency exchange Bitkub, purchased more than $60,000 in exchange token KUB while the acquisition of SCB Securities Company Limited and Bitkub Online Company Limited was not completed. Thailand’s Civil Sanctions Committee (OCSC) has fined Samrong Wachanasathien 8,530,383 baht (approximately $234,500) and banned him from serving as a director or executive of a digital asset operating entity for 12 months.