the SEC (Thailand) warned to urgently scan the web page.

The G.L.T., the whistleblower and investment fraud website, found a list of more than 8,900 unregulated

The GTL issued a warning about fake pages and websites to mislead investors, stating that more than 8,900 unregulated listings were found. This incident is directly related to those who search for online investment channels, see advertisements through online social media, and want to buy or sell digital assets or securities via service providers in Thailand.

What's this about?

The LGT's warning focuses on problem pages or websites that may be made to look credible but are not in a position for Thai regulatory authorities to verify, with the unregulated list disclosed at over 8,900 as an indication of ongoing attempts to smear platforms or financial service providers and is not limited to new forms of investment projects, but covers services used by expatriates such as deposits, withdrawals and digital asset purchases.

Why is this important?

In Thailand, the GLT is responsible for regulating and overseeing crypto businesses and digital assets as well as auditing providers that are subject to regulation. When a platform or page is listed on an unregulated list, users may not be provided with standard protection mechanisms such as authentication, separation of customer assets, security checks, or clear complaint channels; therefore, seeing brand names, advertisements, or images resembling authorized service providers does not necessarily mean that the source of funding is secure.

How does that affect the average user?

For ordinary users, this increases the risk of a wire transfer, especially if there is an allegation of high returns, claiming to deposit in dollars and withdraw as digital assets or using Thai platforms but transferring funds into personal accounts instead of corporate accounts. This type of fraud typically involves haste, trustworthiness of logos, and private sharing. Even if the user does not invest large amounts of money, it can cost them subscription fees, deposits, or business expenses.

How to check before depositing or investing

Before deciding to transfer money, users should thoroughly check the name of the service provider and not just look at page names or advertisements. They should also compare the website's title with a channel that the provider officially announces and verify whether it clearly indicates its license or regulatory status.

What to do if you notice abnormal movements

Once you've transferred money or information, stop any further transactions immediately and save evidence such as website name, account number, date, time of the transaction, transcripts of conversations and screenshots to be used for informing relevant authorities and employees about next steps. Pre-transfer checks are an important layer of protection because once funds have been sent out, tracking them back can be difficult and time consuming.