The sky is falling, and the crypto world is about to face another crisis???

The SEC will block Bybit, 1000X, CoinEx, OKX, and XT platforms in June and file legal lawsuits!

The Thailand SEC announced that on June 28, it will block five cryptocurrency trading platforms, including OKX, Bybit, and CoinEx, citing "unlicensed operations," and will file legal lawsuits.

Southeast Asia's regulators are starting to take real action; what will the impact be?

Although the Thai market is not large, there are quite a few users of OKX and Bybit in the region, and there may be some capital transfer or emotional disturbance in the short term;

The impact on the overall market is limited, but the regulatory storm on "unlicensed trading platforms" may gradually spread;

After Hong Kong's licensing and the US SEC lawsuits, the global regulatory trend is becoming clearer—"Unlicensed operations = high-risk red light."

Interestingly, most people only focus on price fluctuations, overlooking structural policy risks. The truly smart capital has already started re-evaluating "position structure + platform selection."

It's not a black swan, but it is certainly a wake-up call. What do you think?