OKX and Bybit Shut Down in Thailand: SEC Launches Major Crackdown on Crypto Exchanges

The Thai Securities and Exchange Commission (SEC) has issued a major blow to the cryptocurrency industry, shutting down OKX and Bybit, two prominent exchanges, and others operating without authorization. This move will affect all users by June 28th, 2025, when trading on these platforms is halted. The SEC’s crackdown reflects an ongoing effort to tackle unauthorized digital trading within Thailand, as well as combat money laundering.