The SEC
conducted an inspection of ERX after the company suspended its operations on 3 January 2026, due to failure to maintain the required ongoing capital fund.
The SEC prioritized the safety of client assets and found that, as of 6 January
2026, all client assets were secure and complete.
ERX has
temporarily suspended its business operations after its capital fund level fell
below the minimum requirement during the period from 29 December 2025 to 2 January
2026. Specifically, ERX’s capital fund was less than 60 percent of the minimum
capital requirement prescribed for digital asset business operators for five
consecutive days. However, once ERX restores its capital fund to the required
level, it must obtain approval from the SEC before resuming normal digital
asset business operations.
In this
regard, the SEC urges investors and ERX clients to stay informed of updates and
related news through the communication channels of ERX and the SEC. Additionally,
ERX is required to communicate clearly with clients as well as ensure proper
care and assistance, as instructed by the SEC.
Clients
wishing to withdraw their assets can contact ERX through the following
communication channels: Customer Service (Happiness Team) at email happy@kucoin.th
(available 24 hours), or by phone at 02-080-6060 (Monday to Sunday, 9:00 a.m. –
6:00 p.m.). Clients may also reach the SEC via hotline 1207, extension 9.