The Thai SEC has filed a lawsuit against the exchange for operating without a license. Since 2021, OKX has been offering services to Thai users without official approval
Also accused — 9 individuals who promoted the exchange on social media
They face up to 5 years in prison and fines up to $14,700
Users of such platforms are not protected by law
Only licensed exchanges are officially allowed (like Binance, Upbit)
Regulators are tightening the grip on grey-market platforms. Stay cautious!