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Home/News Feed/HTX removes WLFI's USD1 stablecoin, converting balances to USDT after WLFI froze HTX addresses citing sanctions.

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HTX removes WLFI's USD1 stablecoin, converting balances to USDT after WLFI froze HTX addresses citing sanctions.

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Market News

07 Jun 2026

Blockonomi

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Bearish

HTX, a crypto exchange linked to Justin Sun, is removing the USD1 stablecoin from World Liberty Financial (WLFI) on June 7, converting all user USD1 balances to USDT at a 1:1 ratio. This follows WLFI freezing HTX-related blockchain addresses due to sanctions compliance concerns, which HTX disputes, calling the freeze unjustified and demanding reversal. The move comes amid UK sanctions on Huobi Global, a separate entity, and ongoing legal battles between Justin Sun and WLFI over token freeze mechanisms. HTX aims to protect user assets and maintain fair trading by delisting USD1 after suspending related trading pairs.

More News (HTX)

HTX halts WLFI and USD1 trading after token freeze over UK sanctions review

HTX suspended trading of WLFI and USD1 tokens after the World Liberty Financial (WLFI) team froze user tokens on HTX-linked addresses due to a UK sanctions compliance review. The exchange converted all USD1 holdings to USDT at a 1:1 ratio to protect ...

Market News

Bearish

1 day ago