Thailand’s Securities and Trade Fee (SEC) has
confirmed that authorized motion in opposition to cryptocurrency promoter Worawat Narknawdee,
also referred to as “Acme Traderist,” is ongoing. The assertion adopted renewed
public consideration after greater than 30 alleged victims filed new complaints
in opposition to him this week.
Criticism Filed With Financial Crime Division
Deputy Secretary-Normal Anek Yooyuen mentioned the SEC filed a
felony criticism in March 2023 in opposition to Mr. Worawat and 1000X Restricted, the
firm working the web site 1000x.stay. The pair are accused of working a
digital asset buying and selling enterprise with out authorisation.
The case resurfaced publicly on 9 March 2026, when greater 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 felony criticism
in opposition to Worawat Narknawdee and 1000X Restricted again in March 2023 and that the
matter now sits with public prosecutors.
Victims declare they have been persuaded to take a position by the
platform, with estimated damages totalling 1.39 billion baht. Police consider
Mr. Worawat might have left Thailand and travelled to the United Arab Emirates,
the place he reportedly has different enterprise pursuits.
SEC Strikes to Shield Traders
To forestall additional losses, the SEC mentioned it requested the
Digital Economic system and Society Ministry in June 2025 to dam entry to the
platform. The regulator additionally urged the general public to confirm whether or not a digital asset
enterprise is correctly licensed earlier than investing.
Thailand’s SEC has introduced a number of comparable actions in opposition to
unlicensed or improperly working crypto companies and promoters prior to now
yr. For instance, it moved to dam 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
Financial Crime Suppression Division.
In January 2026, the SEC additionally filed felony complaints
in opposition to people allegedly providing Worldcoin buying and selling companies and separate
complaints over unauthorised over-the-counter crypto dealing, once more citing
violations of the Digital Asset Enterprise legislation.
Extra lately, in February 2026, the regulator lodged a
criticism in opposition to a licensed native dealer, its abroad platform and executives
for allegedly working an unlicensed alternate concentrating on Thai clients,
underscoring a broader clampdown on cross-border and unlicensed exercise.
This text was written by Jared Kirui at www.financemagnates.com.
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