Thailand’s Kasikornbank, also known as KBank, has made a significant move into the cryptocurrency industry by acquiring a majority stake in local crypto business Satang. The bank has acquired 97% of shares in Satang Corporation, the operator of Thailand’s Satang crypto exchange. The acquisition is valued at 3.7 billion Thai baht (approximately $103 million) and is being made through KBank’s subsidiary, Unita Capital. Satang Corporation will be renamed Orbix Trade Company Limited, and KBank’s crypto division will consist of Orbix Custodian, Orbix Invest, and Orbix Technology. Satang is a major player in Thailand’s cryptocurrency market, known for launching the privacy-focused cryptocurrency Firo. This acquisition comes shortly after KBank launched a $100 million fund targeting Web3, fintech, and artificial intelligence. To counter the increasing theft of cryptocurrencies, investors need to be aware of the various tactics used by bad actors. Blockchain investigator Bitrace has identified three common methods hackers use to steal cryptocurrencies successfully: through search engines, pasteboard hijacking, and liquidity mining and coin theft. In addition to targeting investors, attackers also steal funds from crypto organizations. In a recent exploit, the Maestrobots group paid 610 ETH to cover user losses exceeding $1 million.