Thai SEC Pursues Crypto Promoter as Investors Claim | Crypto News

Thai SEC Pursues Crypto Promoter as Investors Claim | Crypto Work Pro

Thailand’s Securities and Exchange Commission (SEC) has
confirmed that legal motion towards cryptocurrency promoter Worawat Narknawdee,
additionally identified as “Acme Traderist,” is ongoing. The assertion adopted renewed
public consideration after more than 30 alleged victims filed new complaints
towards him this week.

Complaint Filed With Economic Crime Division

Deputy Secretary-General Anek Yooyuen stated the SEC filed a
prison grievance in March 2023 towards Mr. Worawat and 1000X Limited, the
company working the web site 1000x.dwell. The pair are accused of operating a
digital asset trading business with out authorisation.

The case resurfaced publicly on 9 March 2026, when more than
30 alleged victims went to the Central Investigation Bureau to file new
complaints over investments linked to the 1000X platform.

This promted renewed media and social media scrutiny and
main the SEC to restate that it had already lodged a prison grievance
towards Worawat Narknawdee and 1000X Limited back in March 2023 and that the
matter now sits with public prosecutors.

Read more: Thailand Joins Countries That Exempt Crypto Capital Gains Tax, however Only for five Years

Victims declare they had been persuaded to invest by means of the
platform, with estimated damages totalling 1.39 billion baht. Police imagine
Mr. Worawat could have left Thailand and travelled to the United Arab Emirates,
the place he reportedly has different business pursuits.

SEC Moves to Protect Investors

To forestall additional losses, the SEC stated it requested the
Digital Economy and Society Ministry in June 2025 to dam entry to the
platform. The regulator additionally urged the public to confirm whether or not a digital asset
business is correctly licensed earlier than investing.

Thailand’s SEC has introduced a number of related actions towards
unlicensed or improperly working crypto companies and promoters up to now
12 months. For instance, it moved to block entry to 5 unlicensed exchanges
together with Bybit, CoinEx, OKX, XT.com and 1000X from June 28, 2025, after
discovering they served Thai customers with out licences and referred these circumstances to the
Economic Crime Suppression Division.

In January 2026, the SEC additionally filed prison complaints
towards people allegedly offering Worldcoin trading companies and separate
complaints over unauthorised over-the-counter crypto dealing, again citing
violations of the Digital Asset Business law.

More lately, in February 2026, the regulator lodged a
grievance towards a licensed native broker, its abroad platform and executives
for allegedly working an unlicensed exchange focusing on Thai clients,
underscoring a broader clampdown on cross-border and unlicensed exercise.

This article was written by Jared Kirui at www.financemagnates.com.