The insider-trading case stems from an incident from last November, when the SCB acquisition plan was first announced. According to the SEC, Wajanasathian – armed with this information – bought 1.99 million Thai baht (roughly $61,000 at the time) worth of the KUB token. The price of KUB subsequently more than doubled immediately upon the public announcement.
Thai SEC Fines Bitkub Executive $235K for Insider Trading
