The SEC found that, during 2022-2025, Bitget provided a digital asset trading system to facilitate the trading and exchange of digital assets in the ordinary course of business and charged fees for its services. The platform also offered a Thai-language website with the option to display equivalent values in Thai baht. In addition, Bitget solicited users and promoted its services in Thai through various communication channels, including its website and social media accounts, such as “Bitget Thailand” on Twitter (now renamed X), “BGB Thai Holder” on Telegram, and “bitgetthailand” on TikTok.
Bitget’s conduct is considered to constitute operating a digital asset exchange business under Section 3 of the Emergency Decree. As Bitget operated the business without a license, such conduct violates Section 26 and constitutes an offense punishable under Section 66 of the Emergency Decree.
In addition, it was found that Bitget received assistance and facility from Mr. Kritsana Kritsananuwat in publicizing its services and sales promotion activities through the Facebook page “Srisiam” and the YouTube channel “SRISIAM”. These activities made Bitget more widely known and increased the number of people interested in using its services. His conduct is therefore considered to constitute assisting or facilitating Bitget in operating a digital asset exchange business without a license, in violation of Section 26, which constitutes an offense punishable under Section 66 of the Emergency Decree in conjunction with Section 86 of the Criminal Code.
The SEC has therefore filed a criminal complaint against Bitget and Mr. Kritsana with the ECD for further legal proceedings.
Following the criminal complaint filed by the SEC, the criminal enforcement process will proceed with an investigation by the inquiry official, prosecution by the public prosecutor, and adjudication by the court of justice, respectively. In this regard, the SEC will monitor the progress of the legal proceedings and fully cooperate with relevant agencies to support legal enforcement under the Emergency Decree after the criminal complaint has been filed.
In addition, the SEC has submitted information on the Bitget platform, including www.bitget.com, other Bitget domains, and its application, to the MDES pursuant to the Royal Decree on Measures for Preventing and Suppressing Technology Related Crimes (No. 2) B.E. 2568 (2025), which authorizes the MDES to order the blocking of access to unlicensed digital asset trading platforms to protect investors and prevent fraudsters from using unlicensed digital asset trading platforms for money laundering activities. As a result, the public will be unable to access the platform from 5 December 2026.
The SEC therefore alerts investors using the Bitget platform to consider taking action regarding their assets held on the platform before the scheduled access blocking date to protect their interests and prevent potential impacts following the blocking of access to the platform.
The SEC also urges the public and investors to exercise caution when using services of unlicensed digital asset business operators, as they will not be protected under the law and may be exposed to risks of fraud and scams as well as money laundering activities. The list of licensed business operators can be verified on the SEC’s website at www.sec.or.th and via the SEC Check First application. Additionally, the list of persons or entities not regulated by the SEC is available in the Investor Alert section on the SEC’s website at https://market.sec.or.th/public/idisc/th/InvestorAlert.
To report any leads or tip-offs regarding suspicious activities, please contact the SEC Complaint Center via hotline 1207, the SEC Facebook page “สำนักงาน กลต.”, or the SEC Live Chat on the SEC website for further in-depth investigation.