Announcement from Bitkub Blockchain Technology Co., Ltd., on 30th August 2022.
According to The Securities and Exchange Commision, Thailand news (135/2565), heading: SEC uses the Civil Penalty to the offender who uses insider news for KUB Coin trading within 30 August 2022.
Bitkub Blockchain Technology Co., Ltd. (“Company”) would like to clarify that Mr. Samret Wajanasathian will still holding a position as Chief Technology Officer : CTO until the enforcement of the law, which the company will keep update about this issue.
We would like to confirm that Bitkub Blockchain Technology Co., Ltd. (“Company”) is not involved and affected by the issue and Bitkub Chain still operates as usual.
We still intend to develop Bitkub Chain to be the digital infrastructure for mass adoption in Thailand as provided in Bitkub Chain White Paper. We intend to democratize the opportunities for everyone to have real ownerships and rights to own the digital asset to show the real economic value via a real-life and impactful use cases for businesses.
Best Regards
Bitkub Blockchain Technology Co., Ltd.
Mr. Samret Wajanasathian clarify on his own Facebook as follows: “According to The Security and Exchange Commission announcement regarding my KUB Coin purchasing during September 4, 2021 to November 2, 2021, I would like to sincerely declare my statement towards this issue.
I knew the laws concerning insider trading quite well that when I was on the project, I was not able to purchase the KUB Coin. Thus, the only time that I could buy the KUB Coin is when the project has ended or has not started. Previously, I would have wanted to buy KUB Coin at the price below 30 baht, but unfortunately I could not due to my ongoing project called “Morning Moon Village”. Eventually I had to wait until the “Morning Moon Village” project opening took place. Then, after the project opened, I had a chance to buy the KUB Coin at the price approximately around 30 – 32 baht. If I did not decide to buy at that time, the upcoming project would start and I would have missed this price. However, before that, I personally purchased it as a fee credit on Bitkub Exchange only.
As soon as The Security and Exchange Commission announced, I could ensure that as one of Bitkub Blockchain Technology Co., Ltd. ‘s management team, I had no ideas regards to SCB Deals. If I had known about those deals, I would have sold all my coin including WAN, SNT, BNB and Ethereum, which the total value of these coins is around 4 million baht and all in the fund to the KUB Coin. Personally, the total amount of KUB Coin is quite close to these coins (60,000 KUB) which is quite normal but it is the coincidence to the deal.
The aim to purchase KUB Coin was for long term investment. As you can see, if I would intended to buy the coin for a short term profit, I would have sold all the coins to earn the margin already. The fact is that those coins still remain in my wallet until this moment I declared myself. Only a little amount of coins was used to redeem as a fee credit in Bitkub Exchange.
From the above mentioned statement, I was already informed by The Securities and Exchange Commision but they still punish me without the lucid evidence so that I would like to insist that I will defend the issue. With all of my intention, I still insist that Bitkub Chain development is my priority as committed for Thai people. Bitkub Chain will be the digital infrastructure for mass adoption and democratize opportunities for everyone.
Samret Wajanasathian
Chief Technology Officer : CTO
Bitkub Blockchain Technology Co., Ltd.
For more details at : https://www.facebook.com/bitkubchainofficial/photos/a.114199560836918/406861638237374/
