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.
Source: https://www.coindesk.com/policy/2022/08/30/thai-sec-hits-bitkub-executive-with-235k-fine-over-insider-trading/?utm_medium=referral&utm_source=rss&utm_campaign=headlines